New Issue-American Renal Holdings sells $250 mln in notes

April 27 (BestGrowthStock) – American Renal Holdings Inc on
Tuesday sold $250 million of senior secured notes in the 144a
private placement market, said IFR, a Thomson Reuters service.

The size of the deal was increased from an originally
planned $225 million.

Bank of America Merrill Lynch, Barclays Capital and Wells
Fargo Securities were the joint bookrunning managers for the
sale.
BORROWER: AMERICAN RENAL HOLDINGS INC
AMT $250 MLN COUPON 8.375 PCT MATURITY 5/15/2018
TYPE SR NOTES ISS PRICE 99.28 FIRST PAY 11/15/2010
MOODY’S B2 YIELD 8.50 PCT SETTLEMENT 5/7/2010
S&P SINGLE-B SPREAD 513 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 3 YRS*
*MAKE-WHOLE-CALL 50 BPS

Investment Analysis

New Issue-American Renal Holdings sells $250 mln in notes