Encompass Health Corp. has initiated a private offering of $500 million in senior notes due 2034 to refinance existing debt. The company plans to use the proceeds to redeem $400 million of its 2028 senior notes and repay $100 million on its revolving credit facility, aiming to improve its debt structure. The notes are guaranteed by the company's subsidiaries and offered only to qualified institutional buyers in the U.S. and certain non-U.S. persons. This move reflects Encompass Health's strategy to manage its capital efficiently while maintaining its leadership in inpatient rehabilitation hospitals across the U.S.
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