HealthSouth Corp. (HLS) said Monday that it plans to commence a public offering of senior notes.
The company intends to use the net proceeds from this offering of senior notes, together with cash on hand, to pay the consideration required in connection with the company's tender offer for all of its outstanding floating rate senior notes due 2014, and redeem any floating rate senior notes due 2014 that may remain outstanding following completion of the tender offer.
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