HealthSouth Announces $100 Million Senior Notes Offering

HealthSouth Corporation HLS today announced that it plans to commence a public offering of an additional $100 million of senior notes through a reopening of its 7.25% senior notes due 2018 and its 7.75% senior notes due 2022. The Company intends to use up to $45 million of the net proceeds to pay down the balance drawn on its revolving credit facility and the remainder of the net proceeds to redeem a portion of its 10.75% senior notes due 2016 on or before their initial June 15, 2011 call date.