Printer Friendly

COLUMBIA HEALTHCARE INCREASES TENDER PRICES FOR TWO SENIOR NOTE OFFERS

 LOUISVILLE, Ky., Sept. 15 /PRNewswire/ -- Columbia Healthcare Corporation (NYSE: COL) announced today that it is amending its two existing tender offers and related solicitations of consents for all its 10-7/8 percent senior subordinated notes due 2002, and all its 11-1/2 percent senior subordinated notes due 2002, with respect to the offer prices for both issues.
 Subject to the complete terms of the offers, as amended and supplemented, the company is now offering to purchase for cash the 10-7/8 percent notes for $1,183.75 per $1,000 principal amount (as compared with the original offer price of $1,177.50) and the 11-1/2 percent notes for $1,213.75 per $1,000 principal amount (as compared with the original offer price of $1,207.50).
 In addition, as set forth in the original Offer to Purchase, the company will make cash consent payments of $20 per $1,000 principal amount for consents delivered on or before the consent date and will pay accrued interest up to, but not including, the payment date of the offers for both the 10-7/8 percent notes and the 11-1/2 percent notes.
 The amended offers will expire at midnight, New York City time, on Thursday, Sept. 30, unless extended. A supplement containing details of the amended offers will be mailed to noteholders today.
 Questions and requests for assistance or copies of the supplement to the Offer to Purchase and other documents related to the offers may be directed to the information agent, MacKenzie Partners, Inc., at 800-322-2885 or to the dealer manager, Donaldson, Lufkin & Jenrette Securities Corporation at 214-979-4100.
 Columbia Healthcare Corporation, formed through the merger of a subsidiary of Columbia Healthcare into Galen Health Care, Inc., on Sept. 1, 1993, is one of the country's largest healthcare service providers, operating 93 hospitals and complementary healthcare facilities in 18 states.
 -0- 9/15/93
 /CONTACT: Stanley J. Kay of MacKenzie Partners, Inc., 212-929-5940/
 (COL)


CO: Columbia Healthcare Corporation ST: Kentucky IN: HEA SU: OFR

GK-SH -- NY040 -- 2214 09/15/93 12:00 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 15, 1993
Words:343
Previous Article:U.S. EPA ANNOUNCES SOIL PILOT STUDY AT KOPPERS SUPERFUND SITE
Next Article:CAMDEV CORPORATION REPORTS SECOND QUARTER RESULTS
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters