www.fdanews.com/articles/175138-acelity-to-offer-400m-in-first-lien-senior-secured-notes
Acelity to Offer $400M in First Lien Senior Secured Notes
February 2, 2016
Acelity intends to offer $400 million in first lien senior secured notes due 2021 through its subsidiaries Kinetic Concepts and KCI USA.
The global advanced wound care and regenerative medicine company intends to use the net proceeds to repay outstanding amounts under Acelity’s senior term E-2 credit facility due Nov. 4.
The funds also will be used to pay fees and expenses related to repaying the senior term E-2 credit facility and the notes offering, as well as for general corporate purposes, the company says. — Jonathon Shacat