In October, Kindred and Gentiva reached a definitive merger agreement, under which Kindred will acquire Gentiva in a transaction valued at $1.8 billion. However, the acquisition still requires regulatory approval, and the deal is expected to close in the first quarter of 2015.
Prior to completing the transaction, the notes will be the senior secured obligations of Kindred Escrow Corp. II, and after the transaction closes the notes will be assumed by Kindred and unconditionally and fully guaranteed on a senior unsecured basis by Kindred’s fully owned subsidiaries, including Gentiva.
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