|CHANGE HEALTHCARE HOLDINGS, INC. filed this Form 8-K on 01/26/2017|
3055 LEBANON PIKE
NASHVILLE, TN 37215
PRESS RELEASE FOR IMMEDIATE RELEASE
CHANGE HEALTHCARE ANNOUNCES DELIVERY OF CONDITIONAL NOTICES OF REDEMPTION FOR ALL
OF ITS OUTSTANDING 11.00% SENIOR NOTES DUE 2019, 11.25% SENIOR NOTES DUE 2020 AND 6.00%
SENIOR NOTES DUE 2021
NASHVILLE, Tenn., January 26, 2017 Change Healthcare Holdings, Inc., a leading provider of software and analytics, network solutions and technology-enabled services designed to enable smarter healthcare, today announced that conditional notices of redemption were delivered to the holders of its 11.00% Senior Notes due 2019 (the 2019 Notes), 11.25% Senior Notes due 2020 (the 2020 Notes) and 6.00% Senior Notes due 2021 (the 2021 Notes, and collectively with the 2019 Notes and the 2020 Notes, the Senior Notes). Subject to the satisfaction or waiver of the conditions set forth therein, Change Healthcare intends to redeem the Senior Notes on March 1, 2017. The redemption prices will include a 2.750% premium for the 2019 Notes, a 2.813% premium for the 2020 Notes and a make-whole premium for the 2021 Notes plus, in each case, accrued and unpaid interest up to, but excluding, the redemption date.
The redemption of the Senior Notes is subject to and conditioned upon the consummation of the transactions under the previously announced Agreement of Contribution and Sale dated June 28, 2016 (the Contribution Agreement), pursuant to which Change Healthcare and McKesson Corporation will form a new healthcare information technology company, combining substantially all of Change Healthcares business and the majority of McKesson Technology Solutions (MTS). The consummation of the transactions under the Contribution Agreement remains subject to customary closing conditions.
This press release is for informational purposes only and does not constitute a notice of redemption or an offer to tender for, or purchase of, any Senior Notes or any other security. There can be no assurances that the conditions precedent to the redemptions will be satisfied or waived or that the redemptions will occur on the terms described or at all.
About Change Healthcare
Change Healthcare is a leading provider of software and analytics, network solutions and technology-enabled services that optimize communications, payments and actionable insights designed to enable smarter healthcare. By leveraging its Intelligent Healthcare Network, which includes the single largest financial and administrative network in the United States healthcare system, payers, providers and pharmacies are able to increase revenue, improve efficiency, reduce costs, increase cash flow and more effectively manage complex workflows. Learn more at www.changehealthcare.com.
Statements made in this press release that express Change Healthcares or managements intentions, plans, beliefs, expectations or predictions of future events are forward-looking statements. These