MIAMI, September 23, 2021 / PRNewswire / – Cano Health, Inc. (“Cano Health”) (NYSE: CANO) announced today that its subsidiary Cano Health LLC (“Issuer”) has quoted its offer $ 300.0 million 2028 Basic amount of 6.250% total coupons with maturity (“Notes”). The interest rate on the banknotes will be 6.250% per annum October 1, 2028. The notes will be fully և unconditionally guaranteed by Primary Care (ITC) Intermediate Holdings, LLC, the Issuer մայր մայր մայր մայր մայր,,, և ագա ary, Prim Prim ary Prim ary ary,,,, ary ary ary ary, ary ary ary ary,,,,, secured under a secured loan. The offer is expected to close September 30, 2021, in accordance with normal closing conditions.
The issuer intends to use the net proceeds of the offer to repay in full $ 250.0 million The long-term unsecured loan of the bridge, which is left under its bridge loan agreement, to pay the corresponding fees և expenses, and the rest for general corporate purposes.
The offer was made only through private placement to qualified institutional buyers under Rule 144A of the Securities Act 1934, as amended (the Securities Act), and not to U.S. entities under Rule S of the Securities Act. Act: Notes are not registered և are not expected to be registered under the Securities Act or the State Securities Act և, if not registered, may not be offered or sold United States: ;
This press release does not imply an offer to sell or a bid to buy any securities;
About Cano Health
Cano Health operates cost-based primary care centers և supports interconnected medical practices specializing in primary care for the elderly Florida:, Texas:, Nevada, New York, New Jersey:, New Mexico և: Puerto Rico, with additional development markets. As part of a care coordination strategy, Cano Health provides sophisticated, high-impact population health management programs, including telecommunications, prescription home delivery, health plans, high-risk care, and complex care management.
Cano Health Personalized Patient Care և The proactive approach to preventive health care sets it apart from its competitors. Cano Health has consistently improved clinical outcomes while reducing costs by allowing patients to live longer, healthier lives. Cano Health caters mainly to the minority population (80% of its patients are Latin American or African American) և to the low-income population (50% of its members are eligible for Medicare և Medicaid).
The above issue contains some promising statements within the meaning of Section 27A of the Securities Act 21 Section 21E of the Securities Act of 1934, as amended, including as regards the closure of es v-offers and the expected use of the proceeds. There can be no guarantee that the offer will end. Actual events or results may differ materially from those in future statements as a result of various possible factors, including, inter alia, debt and equity financing. Cano Health’s ability to refinance its outstanding debt; Changes in market or industry conditions that affect the financial condition or performance of Cano Health. These factors should not be construed as exhaustive; they should be read in conjunction with other precautionary statements described in the Securities and Exchange Commission’s Cano Health documents. While Cano Health believes that the expectations expressed in future announcements are reasonable, such announcements should not be construed as representation of Cano Health or any other person that such promising announcements will reach. Prospective announcements apply only to the date of this publication, և Cano Health has no obligation to update any of the future announcements, be it new information, future events or otherwise, unless otherwise required by law.
Media Relations – Local (FL)
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A SO BYOR Cano Health, Inc.