HealthSouth Corp. (HLS) announced that it has completed its refinancing. As a result, the company reduced its total outstanding debt by approximately $40 million. In connection with the refinancing, the company will take a charge in the fourth quarter of 2009 for the early extinguishment of debt of approximately $15 million.
The refinancing included the tender for and redemption of all, or $329.6 million, of its outstanding floating rate senior notes due 2014. The tender offer and redemption were financed through the issuance of $290 million 8.125% senior notes due 2020 and cash on hand.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.