BIRMINGHAM, Ala., Oct. 5, 2020 /PRNewswire/ — Encompass Health Corporation (NYSE: EHC) issued notice for redemption of all $700 million in outstanding principal balance of its 5.75% senior notes due 2024 (the “2024 Notes”). Pursuant to the terms of the 2024 Notes, this full redemption will settle on Nov. 1, 2020 and will be made at a price of par. The Company plans to use the net proceeds from its recent public offering of $400 million of senior unsecured notes due 2031 (the “2031 Notes”), which is scheduled to close on Oct. 5, 2020, together with available cash on hand, to fund the redemption.
About Encompass Health
As a national leader in integrated healthcare services, Encompass Health (NYSE: EHC) offers both facility-based and home-based patient care through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. With a national footprint that includes 136 hospitals, 245