Amsurg (AMSG) Subsidiary Prices Public Offering of $1.1 Bln Senior Notes

Amsurg (AMSG), which owns and operates ambulatory surgery centers, said its newly formed wholly-owned unrestricted subsidiary AmSurg Escrow Corp. has priced a private offering of $1.1 billion aggregate principal amount of senior unsecured notes due 2022.

The notes will be sold to qualified institutional buyers at a price of 100% of the principal amount thereof and will bear interest at a rate equal to 5.625% per annum.

Amsurg Corp owns and operates short stay ambulatory surgery centers. The Company acquire, develops and operates ASCs through the formation of partnership with physicians to serve the communities in its markets. AMSG trades in a 52-week range of $35.11 to $52.81.

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Jennifer McKinney, CFA, is an equity analyst for The Downtown Leader. If you have a great story idea for Jennifer McKinney, you can write at [Jennifer.McKinney@downtownleader.com ].

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