AdaptHealth Announces Pricing of $500 Million Notes Offering

December 22, 2020

Willkie represented AdaptHealth LLC in its Rule 144A/Regulation S offering of $500 million aggregate principal amount of 4.625% Senior Notes due 2029.

On December 15, Willkie client AdaptHealth LLC announced it has priced a Rule 144A/Regulation S offering of $500 million aggregate principal amount of 4.625% Senior Notes due 2029.

Jefferies LLC, Truist Securities, Inc., Regions Securities LLC, Citizens Capital Markets, Inc., KeyBanc Capital Markets Inc., Fifth Third Securities, Inc., Deutsche Bank Securities, Inc., RBC Capital Markets, LLC and Janney Montgomery Scott LLC are serving as joint book-running managers in the offering. The proceeds of the offering, which is expected to be completed on January 4, 2021, will be used to fund AdaptHealth’s previously announced $2 billion acquisition of AeroCare Holdings, Inc.

AdaptHealth is a leading provider of home healthcare equipment, medical supplies to the home, and related services in the United States, with approximately 1.8 million patients annually in all 50 states through its network of 269 locations in 41 states. AdaptHealth provides a full suite of medical products and solutions designed to help patients manage chronic conditions in the home.

The offering was led by partners Danielle Scalzo and Michael Brandt.