|[August 21, 2013]
LifePoint Hospitals Announces Extension of Consent Solicitation, Increase of Consent Payment and Revisions to the Proposed Amendments Relating to Its 6.625% Senior Notes Due 2020 (CUSIP No. 53219L AK5)
BRENTWOOD, Tenn. --(Business Wire)--
LifePoint Hospitals, Inc. (NASDAQ: LPNT) announced today that it is
extending the expiration date of its previously announced consent
solicitation (the "Consent Solicitation") seeking consents from holders
of its $400 million outstanding principal amount of 6.625% Senior Notes
due 2020 (the "Notes") for amendments to certain provisions of the
indenture governing the Notes (the "Proposed Amendments").
The Consent Solicitation, which was previously scheduled to expire at
5:00 p.m., New York City time, on August 21, 2013, will be extended to
5:00 p.m., New York City time, on August 23, 2013, unless further
extended or terminated by the Company (as such time may be further
extended, the "Expiration Date"). The Company further announced that it
has increased the consent payment for consenting holders who validly
deliver their consents prior to the Expiration Date and who do not
validly revoke their consents from $7.50 in cash for each $1,000 in
unpaid principal amount of the Notes to $15.00 in cash for each $1,000
in unpaid principal amount of the Notes.
The Proposed Amendments described in the revised Consent Solicitation
limit the amount of assets that may be attributed to non-guarantor
subsidiaries and the amount of certain indebtedness that may be incurred
by non-wholly owned subsidiaries that are non-guarantor subsidiaries
under the indenture.
All other terms and conditions of the Consent Solicitation, as set forth
in the Consent Solicitation Statement dated July 30, 2013 (the "Cnsent
Solicitation Statement"), remain the same.
Copies of the Consent Solicitation Statement, as amended, and the
consent form may be obtained by holders of the Notes from the
Information and Tabulation Agent for the Consent Solicitation, D.F. King
& Co., Inc., at (800) 949-2583 (toll-free), (212) 269-5550 (collect) or
by email: email@example.com.
Barclays Capital Inc. is the Solicitation Agent for the Consent
Solicitation. Questions may be directed to Barclays Capital Inc. at
(800) 438-3242 (toll-free) or (212) 528-7581 (collect).
About LifePoint Hospitals
LifePoint Hospitals, Inc. is a leading hospital company focused on
providing quality healthcare services close to home. Through its
subsidiaries, LifePoint operates 57 hospital campuses in 20 states. With
a mission of "Making Communities Healthier®," LifePoint is the sole
community hospital provider in the majority of the communities it
serves. More information about the Company, which is headquartered in
Brentwood, Tennessee, can be found on its website, www.LifePointHospitals.com.
All references to "LifePoint," "LifePoint Hospitals," or the "Company"
used in this release refer to LifePoint Hospitals, Inc. or its
In addition to historical information, this report may contain
certain statements that constitute "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements, together with other statements that are not
historical, are based on management's current expectations and involve
known and unknown risks, uncertainties, contingencies and other factors
that could cause results, performance or achievements to differ
materially from those stated. The most significant of these risks and
uncertainties are described in the Company's Form 10-K, Form 10-Q and
Form 8-K reports filed with the Securities and Exchange Commission.
Should one or more of these risks or uncertainties materialize or should
underlying assumptions prove incorrect, the Company's actual results,
performance or achievements could differ materially from those expressed
in, or implied by, such forward-looking statements. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. Except as otherwise
required by law, the Company does not undertake any obligation to
publicly release any revisions to these forward-looking statements to
reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.
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