Accendra Health Launches Exchange Offers and Consent Solicitations for Senior Notes

Accendra Health, Inc. has commenced offers to exchange its outstanding 4.500% Senior Notes due 2029 and 6.625% Senior Notes due 2030. Holders of the 2029 notes can exchange them for newly issued 9.000% Senior Secured First Lien Notes due 2032 and 9.750% Senior Secured Second Lien Notes due 2033, provided they participate in the new money issuance. Holders of 2029 notes not participating in the new money issuance, and holders of 2030 notes, can exchange their notes for the Second Lien Notes. The company is also soliciting consents to amend the indentures governing the existing notes, aiming to eliminate or modify covenants and events of default. The offers and solicitations are subject to certain conditions, and the company reserves the right to amend or terminate them. The exchange offers and consent solicitations are set to expire on June 22, 2026, with an early exchange deadline of June 9, 2026.