AdaptHealth Completes $600 Million Notes Offering

August 23, 2021

Willkie represented AdaptHealth LLC in its Rule 144A/Regulation S offering of $600 million aggregate principal amount of 5.125% Senior Notes due 2030.

On August 19, Willkie client AdaptHealth LLC completed a Rule 144A/Regulation S offering of $600 million aggregate principal amount of 5.125% Senior Notes due 2030. Jefferies LLC, Regions Securities LLC, Citizens Capital Markets, Inc., Truist Securities, Inc., BofA Securities, Inc., Deutsche Bank Securities, Inc., Fifth Third Securities, Inc., J.P. Morgan Securities LLC and KeyBanc Capital Markets Inc. served as joint book-running managers in the offering. The proceeds of the offering were used to repay outstanding indebtedness and for general corporate purposes.

AdaptHealth is a national leader in providing patient-centered, healthcare-at-home solutions including home medical equipment, medical supplies, and related services. The company provides a full suite of medical products and solutions designed to help patients manage chronic conditions in the home, adapt to challenges in their activities of daily living, and thrive. AdaptHealth services beneficiaries of Medicare, Medicaid, and commercial insurance payors, reaching approximately 3.3 million patients annually through its network of 678 locations in 47 states.

The offering was led by partners Danielle Scalzo and Michael Brandt, and included partner Jason Pearl.