PR Newswire·May 14, 2026, 4:15 PM ET

Encompass Health announces pricing of $500 million of senior notes due 2034 in a private offering

Encompass Health Corp. priced a private offering of $500 million in 5.875% senior notes due 2034 at 100% of principal.
Interest on the notes will be paid semiannually in arrears on June 1 & December 1, starting December 1, 2026.
The notes will be jointly & severally guaranteed by existing & future subsidiaries that guarantee borrowings under the company's credit agreement.
The offering is expected to close on May 29, 2026, subject to customary closing conditions.
Net proceeds will redeem $400 million in outstanding 4.500% senior notes due 2028, repay $100 million on the senior secured revolving credit facility, & pay related fees.
The notes were offered only to qualified institutional buyers in the U.S. pursuant to Rule 144A & to non-U.S. persons outside the U.S. pursuant to Regulation S.
The securities are unregistered under the Securities Act & may not be offered or sold in the U.S. absent registration or an applicable exemption.
Encompass Health is the largest owner & operator of inpatient rehabilitation hospitals in the U.S. with 175 hospitals in 39 states & Puerto Rico.
Forward-looking statements regarding the offering completion & use of proceeds are included with risks that actual results may differ materially.