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EHC - Encompass Health to redeem final $100M senior notes
Encompass Health Corporation
Encompass Health (NYSE:EHC) stated Friday that it has issued notice for final redemption of its remaining $100M principal amount of 5.125% senior notes due 2023. Redemption date is set to March 15, 2022. The company expects to record about $0.3M loss on early extinguishment of debt in Q1 2022. Cash on hand of the company and drawings under its revolving credit facility is to be used to fund the redemption. A quick look through the company's cash and equivalents balance over the past 11 quarter: