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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.