Priority Healthcare b (NASDAQ:PHCC)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Priority Healthcare b Charts. Click Here for more Priority Healthcare b Charts.](/p.php?pid=staticchart&s=N%5EPHCC&p=8&t=15)
Priority Healthcare Completes $150 Million Credit Facility
LAKE MARY, Fla., March 1 /PRNewswire-FirstCall/ -- Priority Healthcare
Corporation announced today that it has completed a $150 million senior
revolving credit facility. The facility is unsecured and has a term of three
years. The company intends to use the available proceeds to fund acquisitions,
repurchase shares of Priority Healthcare Common Stock, provide for working
capital and capital expenditures, and for other general corporate purposes.
SunTrust Robinson Humphrey, a division of SunTrust Capital Markets, Inc., served
as lead arranger and SunTrust Bank, Inc. served as the administrative agent.
"We were certainly pleased by the response we received to the credit facility
issuance," said Steve Saft, Chief Financial Officer. "As a first- time issuer
in the syndicated loan market, the fact that we were able to attract a large
contingent of top-tier financial institutions is a testament to the financial
strength of Priority Healthcare."
This press release does not constitute an offer to sell or the solicitation of
an offer to buy the notes or the underlying common stock.
About Priority Healthcare Corporation
Priority Healthcare Corporation is a national specialty pharmacy and distributor
that provides biopharmaceuticals, complex therapies, and related disease
treatment services. Priority Healthcare provides comprehensive programs for
patients, payors, physicians, and pharmaceutical manufacturers for a growing
number of disease states including cancer, hepatitis C, respiratory and
pulmonary conditions, infertility, rheumatoid arthritis, hemophilia, multiple
sclerosis, and macular degeneration. Additional information on Priority
Healthcare is available online at http://www.priorityhealthcare.com/
Certain statements included in this press release, which are not historical
facts, are forward-looking statements. Such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements represent our expectations
or beliefs and involve certain risks and uncertainties, including those
described in our public filings with the United States Securities and Exchange
Commission;also including, but not limited to, changes in interest rates,
competitive pressures, changes in customer mix, changes in third party
reimbursement rates, financial stability of major customers, changes in
government regulations or the interpretation of these regulations, changes in
supplier relationships, growth opportunities, cost savings, revenue
enhancements, synergies and other benefits anticipated from acquisition
transactions, difficulties relative to integrating acquired businesses, the
accounting and tax treatment of acquisitions, and asserted and unasserted
claims, which could cause actual results to differ from those in the
forward-looking statements. The forward-looking statements by their nature
involve substantial risks and uncertainties, certain of which are beyond our
control, and actual results may differ materially depending on a variety of
important factors. You are cautioned not to place undue reliance on these
forward-looking statements that speak only as of the date herein.
http://www.newscom.com/cgi-bin/prnh/20030417/PHCLOGO
http://photoarchive.ap.org/
DATASOURCE: Priority Healthcare Corporation
CONTACT: financial, Stephen Saft, Chief Financial Officer,
+1-407-804-6700, or media, Kirsten Ayars, Public RelationsManager,
+1-407-804-5826, both of Priority Healthcare Corporation
Web site: http://www.priorityhealthcare.com/