Apria Healthcare Sells $700 Million Senior Notes

(Reuters) – Apria Healthcare Group Inc, an indirect subsidiary of private equity firm Blackstone Group Inc (BX.N), on Thursday sold $700 million of 10-year senior notes in the 144a private placement market, said IFR, a Thomson Reuters service.

The size of the deal was increased from an originally
planned $600 million.

Bank of America, Wachovia, and Barclays were the joint
bookrunning managers for the sale.
BORROWER: APRIA HEALTHCARE GROUP INC
AMT $700 MLN COUPON 11.25 PCT MATURITY 11/1/2014
TYPE SR NOTES ISS PRICE 97.05 FIRST PAY 11/1/2009
MOODY’S Ba2 YIELD 12.00 PCT SETTLEMENT 5/27/2009
S&P BB-PLUS SPREAD 933 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 2 YEARS*
*CALL SCHEDULE: 11/1/2011 AT 105.625, 102.813, 100
MAKE-WHOLE CALL 50 BPS