{"componentChunkName":"component---src-templates-contenttypes-releases-pressreleases-js","path":"/about-us/press/press-releases/genesis-healthcare-corporation-announces-proposed-offering","result":{"data":{"nodePressReleases":{"field_happening_s_date":"2005-02-24","title":"GENESIS HEALTHCARE CORPORATION ANNOUNCES PROPOSED OFFERING OF CONVERTIBLE SENIOR SUBORDINATED DEBENTURES","body":{"value":"<p>Kennett Square, PA -- 02/24/2005 --</p>\r\n\r\n<p>&nbsp;</p>\r\n\r\n<p>Genesis HealthCare Corporation (\"GHC\" or the \"Company\") (NASDAQ: GHCI) today announced that it intends to offer, subject to market and other conditions, $150.0 million aggregate principal amount of convertible senior subordinated debentures due 2025 through a private offering to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the \"Securities Act\"). The Company also plans to grant the initial purchasers of the debentures an option to purchase up to an additional $30.0 million in aggregate principal amount of the debentures.</p>\r\n\r\n<p>The debentures will be convertible into cash and, in some circumstances, shares of GHC common stock upon the occurrence of certain events and will mature in 2025. GHC intends to use (i) approximately $20.0 million of the proceeds of the offering to repurchase shares of its common stock from purchasers of the debentures in negotiated transactions concurrently with the offering, (ii) approximately $119.7 million of the proceeds to repay outstanding borrowings under the term loan portion of its senior credit facility, and (iii) the balance for general corporate purposes, which may include repurchases of additional shares of common stock from time to time under GHC's share repurchase program.</p>\r\n\r\n<p>This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.</p>\r\n\r\n<p>The securities have not been registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state laws.</p>\r\n\r\n<p><em>Statements made in this release, our website and in our other public filings and releases, which are not historical facts contain \"forward-looking\" statements (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties and are subject to change at any time. These forward-looking statements may include, but are not limited to, statements containing words such as \"anticipate,\" \"believe,\" \"plan,\" \"estimate,\" \"expect,\" \"intend,\" \"may,\" \"target,\" \"appears\" and similar expressions. The forward-looking statements involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control. We caution investors that any forward-looking statements made by us are not guarantees of future performance. In particular, there can be no assurance that the proposed offering will be completed or that the proceeds will be used as intended. We disclaim any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements to reflect future events or developments.</em></p>\r\n"},"created":"2019-11-25T17:58:05+00:00"},"allMenuLinkContentMenuLinkContent":{"edges":[{"node":{"title":"Investors","link":{"uri":"internal:/investor-relations"},"menu_name":"about-us"}},{"node":{"title":"About Genesis HealthCare","link":{"uri":"internal:/about-us"},"menu_name":"about-us"}},{"node":{"title":"Earnings Release","link":{"uri":"internal:/investor-relations/earnings-release"},"menu_name":"investor-relations"}},{"node":{"title":"Corporate Governance","link":{"uri":"internal:/investor-relations/corporate-governance"},"menu_name":"investor-relations"}},{"node":{"title":"SEC Filings","link":{"uri":"internal:/investor-relations/sec-filings"},"menu_name":"investor-relations"}},{"node":{"title":"Events & Presentations","link":{"uri":"internal:/investor-relations/events-presentations"},"menu_name":"investor-relations"}},{"node":{"title":"Annual Report & Proxy","link":{"uri":"internal:/investor-relations/annual-report-proxy"},"menu_name":"investor-relations"}},{"node":{"title":"Management","link":{"uri":"internal:/about-us/company-profile/leadership-team"},"menu_name":"investor-relations"}},{"node":{"title":"Analyst Coverage","link":{"uri":"internal:/investor-relations/stock-information/analyst-coverage"},"menu_name":"investor-relations"}},{"node":{"title":"Press","link":{"uri":"internal:/about-us/press/press-releases"},"menu_name":"about-us"}},{"node":{"title":"ORDER YOUR POWERBACK CARD","link":{"uri":"internal:/orderyourpowerbackcard"},"menu_name":"powerback-navbar"}},{"node":{"title":"Happenings","link":{"uri":"internal:/happenings"},"menu_name":"main"}},{"node":{"title":"Our Services","link":{"uri":"internal:/our-services/rehabilitation-therapy/our-services"},"menu_name":"our-services"}},{"node":{"title":"Rehabilitation Therapy","link":{"uri":"internal:/our-services/rehabilitation-therapy/rehabilitation-therapy"},"menu_name":"our-services"}},{"node":{"title":"Long Term Care","link":{"uri":"internal:/our-services/rehabilitation-therapy/long-term-care"},"menu_name":"our-services"}},{"node":{"title":"ShortStay Care","link":{"uri":"internal:/our-services/rehabilitation-THErapy/shortstay-care"},"menu_name":"our-services"}},{"node":{"title":"Memory Support","link":{"uri":"internal:/our-services/memory-support"},"menu_name":"our-services"}},{"node":{"title":"Cardiac Management","link":{"uri":"internal:/our-services/rehabilitation-therapy/cardiac-management"},"menu_name":"our-services"}},{"node":{"title":"Assisted/Senior Living","link":{"uri":"internal:/our-services/assisted-senior-living"},"menu_name":"our-services"}},{"node":{"title":"Find a Location","link":{"uri":"internal:/findlocations"},"menu_name":"our-services"}},{"node":{"title":"Hospice Care","link":{"uri":"internal:/our-services/long-term-care/hospice-care"},"menu_name":"our-services"}},{"node":{"title":"Your Stay Overview","link":{"uri":"internal:/your-stay"},"menu_name":"your-stay"}},{"node":{"title":"Company Profile","link":{"uri":"internal:/about-us/company-profile"},"menu_name":"about-us"}},{"node":{"title":"Investor Relations","link":{"uri":"internal:/investor-relations"},"menu_name":"investor-relations"}},{"node":{"title":"Press Releases","link":{"uri":"internal:/about-us/press/press-releases"},"menu_name":"investor-relations"}},{"node":{"title":"Board Of Directors","link":{"uri":"internal:/investor-relations/corporate-governance/board-directors"},"menu_name":"investor-relations"}},{"node":{"title":"Stock Information","link":{"uri":"internal:/investor-relations/stock-information"},"menu_name":"investor-relations"}},{"node":{"title":"FAQs","link":{"uri":"internal:/investor-relations/faqs"},"menu_name":"investor-relations"}},{"node":{"title":"Contact The Board","link":{"uri":"internal:/investor-relations/corporate-governance/contact-the-board"},"menu_name":"investor-relations"}},{"node":{"title":"Leadership Team","link":{"uri":"internal:/about-us/company-profile/leadership-team"},"menu_name":"about-us"}},{"node":{"title":"Press Releases","link":{"uri":"internal:/about-us/press/press-releases"},"menu_name":"about-us"}},{"node":{"title":"Press Kit","link":{"uri":"internal:/about-us/press/press-kit"},"menu_name":"about-us"}},{"node":{"title":"History","link":{"uri":"internal:/about-us/company-profile/history"},"menu_name":"about-us"}},{"node":{"title":"Transitional Care","link":{"uri":"internal:/our-services/rehabilitation-therapy/transitional-care"},"menu_name":"our-services"}},{"node":{"title":"Ventilator Rehabilitation","link":{"uri":"internal:/our-services/rehabilitation-therapy/ventilator-rehabilitation"},"menu_name":"our-services"}},{"node":{"title":"Dialysis ","link":{"uri":"internal:/our-services/rehabilitation-therapy/dialysis"},"menu_name":"our-services"}},{"node":{"title":"Pulmonary Management","link":{"uri":"internal:/our-services/rehabilitation-therapy/pulmonary-management"},"menu_name":"our-services"}},{"node":{"title":"Neurorehabilitation","link":{"uri":"internal:/our-services/rehabilitation-therapy/neurorehabilitation"},"menu_name":"our-services"}},{"node":{"title":"Our Commitment To Quality","link":{"uri":"internal:/our-services/our-commitment-to-quality"},"menu_name":"our-services"}},{"node":{"title":"Types Of Care Available","link":{"uri":"internal:/your-stay/types-of-care-available"},"menu_name":"your-stay"}},{"node":{"title":"Choosing Skilled Nursing Facilities","link":{"uri":"internal:/your-stay/how-to-choose-a-skilled-nursing-facility"},"menu_name":"your-stay"}},{"node":{"title":"Coming To Our Center","link":{"uri":"internal:/your-stay/coming-to-our-center"},"menu_name":"your-stay"}},{"node":{"title":"In Our Care","link":{"uri":"internal:/your-stay/in-our-care"},"menu_name":"your-stay"}},{"node":{"title":"Paying For Care","link":{"uri":"internal:/your-stay/paying-for-your-care"},"menu_name":"your-stay"}},{"node":{"title":"Leaving Our Center","link":{"uri":"internal:/your-stay/leaving-our-center"},"menu_name":"your-stay"}},{"node":{"title":"Business Services","link":{"uri":"internal:/partners/business-services"},"menu_name":"partners"}},{"node":{"title":"Powerback Rehabilitation","link":{"uri":"internal:/partners/business-services/powerback-rehabilitation"},"menu_name":"partners"}},{"node":{"title":"Powerback Respiratory","link":{"uri":"internal:/partners/business-services/powerback-respiratory"},"menu_name":"partners"}},{"node":{"title":"Referral Sources","link":{"uri":"internal:/partners/referral-sources"},"menu_name":"partners"}},{"node":{"title":"Managed Care","link":{"uri":"internal:/partners/managed-care"},"menu_name":"partners"}},{"node":{"title":"LTC ACO","link":{"uri":"https://www.ltcaco.com"},"menu_name":"partners"}},{"node":{"title":"Mission & Core Values","link":{"uri":"internal:/about-us/company-profile/mission-core-values"},"menu_name":"about-us"}},{"node":{"title":"About Us","link":{"uri":"internal:/about-us"},"menu_name":"about-us"}},{"node":{"title":"Business Partners","link":{"uri":"internal:/partners/business-services"},"menu_name":"main"}},{"node":{"title":"Your Stay","link":{"uri":"internal:/your-stay"},"menu_name":"main"}},{"node":{"title":"Services","link":{"uri":"internal:/our-services/rehabilitation-therapy/our-services"},"menu_name":"main"}},{"node":{"title":"Resources","link":{"uri":"internal:/resources"},"menu_name":"main"}},{"node":{"title":"Any content","link":{"uri":"internal:/admin/content"},"menu_name":"tools"}},{"node":{"title":"Home Page","link":{"uri":"internal:/node/67"},"menu_name":"tools"}},{"node":{"title":"Edit stable web pages","link":{"uri":"internal:#"},"menu_name":"tools"}},{"node":{"title":"Board Of Directors","link":{"uri":"internal:/investor-relations/corporate-governance/board-directors"},"menu_name":"tools"}},{"node":{"title":"Leadership Team","link":{"uri":"internal:/about-us/company-profile/leadership-team"},"menu_name":"tools"}},{"node":{"title":"Create Business Services pages","link":{"uri":"internal:/node/add/business_services"},"menu_name":"tools"}},{"node":{"title":"Create About Us pages","link":{"uri":"internal:/node/add/about_us_pages"},"menu_name":"tools"}},{"node":{"title":"Create Center pages","link":{"uri":"internal:/node/add/center"},"menu_name":"tools"}},{"node":{"title":"Create Centers Events","link":{"uri":"internal:/node/add/happenings"},"menu_name":"tools"}},{"node":{"title":"Create Centers News","link":{"uri":"internal:/node/add/centers_happenings_news"},"menu_name":"tools"}},{"node":{"title":"Create Centers content","link":{"uri":"internal:#"},"menu_name":"tools"}},{"node":{"title":"Create other pages","link":{"uri":"internal:#"},"menu_name":"tools"}},{"node":{"title":"Create Corporate Happenings","link":{"uri":"internal:/node/add/corporate_happenings"},"menu_name":"tools"}},{"node":{"title":"Create Earnings Releases","link":{"uri":"internal:/node/add/earnings_releases"},"menu_name":"tools"}},{"node":{"title":"Create Events & Presentations","link":{"uri":"internal:/node/add/events_presentations"},"menu_name":"tools"}},{"node":{"title":"Create Investor Relations","link":{"uri":"internal:/node/add/investor_relations"},"menu_name":"tools"}},{"node":{"title":"Create Our Services pages","link":{"uri":"internal:/node/add/our_services"},"menu_name":"tools"}},{"node":{"title":"Create Basic pages","link":{"uri":"internal:/node/add/page"},"menu_name":"tools"}},{"node":{"title":"Create Page with Accordions","link":{"uri":"internal:/node/add/page_with_accordions"},"menu_name":"tools"}},{"node":{"title":"Create Press Releases","link":{"uri":"internal:/node/add/press_releases"},"menu_name":"tools"}},{"node":{"title":"Create Resources","link":{"uri":"internal:/node/add/resources_corp_"},"menu_name":"tools"}},{"node":{"title":"Create Your Stay pages","link":{"uri":"internal:/node/add/your_stay"},"menu_name":"tools"}},{"node":{"title":"Create News and Lists","link":{"uri":"internal:#"},"menu_name":"tools"}},{"node":{"title":"All Content","link":{"uri":"internal:#"},"menu_name":"tools"}},{"node":{"title":"Centers","link":{"uri":"internal:/admin/content?title=&type=center&status=All"},"menu_name":"tools"}},{"node":{"title":"Centers Events","link":{"uri":"internal:/admin/content?title=&type=happenings&status=All"},"menu_name":"tools"}},{"node":{"title":"Centers News","link":{"uri":"internal:/admin/content?title=&type=centers_happenings_news&status=All"},"menu_name":"tools"}},{"node":{"title":"Create any content","link":{"uri":"internal:/node/add"},"menu_name":"tools"}},{"node":{"title":"Awards and Affiliations","link":{"uri":"internal:/admin/structure/taxonomy/manage/awards_and_affiliations/overview"},"menu_name":"tools"}},{"node":{"title":"Contact Page","link":{"uri":"internal:/contact"},"menu_name":"tools"}},{"node":{"title":"Genesis Physician Services","link":{"uri":"https://www.careerswithgps.com"},"menu_name":"partners"}},{"node":{"title":"CAREERS","link":{"uri":"internal:/careers"},"menu_name":"powerback-main"}},{"node":{"title":"CONTACT","link":{"uri":"internal:/contact"},"menu_name":"powerback-main"}},{"node":{"title":"GETTING YOU HOME FASTER","link":{"uri":"internal:/gettingyouhomefaster"},"menu_name":"powerback-main"}},{"node":{"title":"KNOW WHAT TO DO","link":{"uri":"internal:/knowwhattodo"},"menu_name":"powerback-main"}},{"node":{"title":"LOCATIONS","link":{"uri":"internal:/locations"},"menu_name":"powerback-main"}},{"node":{"title":"NEWS","link":{"uri":"internal:/news"},"menu_name":"powerback-main"}},{"node":{"title":"GETTING YOU HOME FASTER","link":{"uri":"internal:/gettingyouhomefaster"},"menu_name":"powerback-navbar"}},{"node":{"title":"PLANNING GUIDE","link":{"uri":"internal:/knowwhattodo"},"menu_name":"powerback-navbar"}},{"node":{"title":"WHAT TO EXPECT","link":{"uri":"internal:/whattoexpect"},"menu_name":"powerback-navbar"}},{"node":{"title":"POWERBACK SPECIALIST","link":{"uri":"internal:/powerbackspecialists"},"menu_name":"powerback-navbar"}},{"node":{"title":"GUEST SERVICES","link":{"uri":"internal:/guestservices"},"menu_name":"powerback-navbar"}},{"node":{"title":"PATIENT RESOURCES","link":{"uri":"internal:/patientresources"},"menu_name":"powerback-navbar"}},{"node":{"title":"THE ROLE OF THE HOSPITAL DISCHARGE PLANNER","link":{"uri":"internal:/theplanner"},"menu_name":"powerback-navbar"}},{"node":{"title":"CASE STUDIES","link":{"uri":"internal:/pdfs/powerbackcasestudy1.pdf"},"menu_name":"powerback-navbar"}},{"node":{"title":"Powerback","link":{"uri":"internal:#"},"menu_name":"tools"}},{"node":{"title":"Create PWB News","link":{"uri":"internal:/node/add/pwb_news"},"menu_name":"tools"}},{"node":{"title":"List of PWB Basic Pages","link":{"uri":"internal:/admin/content?title=&type=pwb_basic_page&status=All"},"menu_name":"tools"}},{"node":{"title":"Lists of PWB News","link":{"uri":"internal:/admin/content?title=&type=pwb_news&status=All"},"menu_name":"tools"}},{"node":{"title":"Support","link":{"uri":"internal:/support-page"},"menu_name":"tools"}},{"node":{"title":"Career","link":{"uri":"https://www.genesiscareers.jobs/"},"menu_name":"main"}},{"node":{"title":"Center of Clinical Excellence","link":{"uri":"internal:/our-services/center-clinical-excellence"},"menu_name":"our-services"}},{"node":{"title":"American Heart Association Certified Care","link":{"uri":"internal:/our-services/american-heart-association-certified-care"},"menu_name":"our-services"}}]}},"pageContext":{"id":"64132ab7-772c-5199-a83f-d377aad6406a"}},"staticQueryHashes":["1477718674","1581623365","3128451518","66463456"]}