Rotech Healthcare Inc. (OTCBB: ROHI), one of the largest providers of home medical equipment and related products and services, announced today that it has commenced a registered exchange offer to exchange up to $283.5 million aggregate principal amount of its Senior Second Lien Notes due 2018 which have been registered under the Securities Act of 1933, as amended (the "Exchange Notes") for an equal principal amount of its outstanding Senior Second Lien Notes due 2018, which were issued in a private placement (the "Private Notes").
Rotech agreed when it issued the Private Notes to file with the Securities and Exchange Commission a registration statement relating to the exchange offer pursuant to which Rotech would offer the Exchange Notes, containing substantially identical terms to the Private Notes, in exchange for Private Notes that are tendered by the holders of those notes.
Any Private Notes not tendered for exchange in the exchange offer will remain outstanding and continue to accrue interest, but will not retain any rights under the registration rights agreement except in limited circumstances.
The terms of the exchange offer are contained in the exchange offer prospectus and related letter of transmittal.
The exchange offer will expire at 5:00 p.m., New York City time, on July 12, 2011, unless extended. Private Notes tendered pursuant to the exchange offer may be withdrawn at any time prior to the expiration date by following the procedures set forth in the exchange offer prospectus.
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