Item 8.01 Other Events.

On October 22, 2021, Option Care Health, Inc. ("Option Care Health" or the "Company") issued a press release announcing the pricing of its offering of $500 million in aggregate principal amount of 4.375% senior notes due 2029 (the "Notes") at an issue price of 100.000% (the "Offering"). Concurrently with the Offering, the Company priced its $600 million aggregate principal amount of amended and restated term loan B facility (the "New First Lien Term Loan Facility").

The Notes will be general senior unsecured obligations of the Company and will be guaranteed on a senior unsecured basis by each of the Company's wholly owned existing and future domestic restricted subsidiaries that incurs or guarantees debt under the Company's New First Lien Term Loan Facility.

The Notes will be sold to the initial purchasers thereof pursuant to the purchase agreement, dated October 22, 2021 (the "Purchase Agreement"), among the Company, the guarantors named therein and BofA Securities, Inc., as representative of the several initial purchasers named therein. The foregoing description is qualified in its entirety by the terms of the Purchase Agreement, which is attached to this Current Report on Form 8-K (this "Report") as Exhibit 10.1 and is incorporated herein by reference.

The Offering is expected to close on or about October 27, 2021, subject to customary closing conditions. The Company intends to use the proceeds from the Offering, together with the New First Lien Term Loan Facility and cash on hand, to refinance borrowings outstanding under its existing first lien term loan B facility, and to pay fees and expenses in connection therewith and with the Offering.

A copy of this press release is attached to this Report as Exhibit 99.1 and is incorporated herein by reference.

The Notes and related guarantees are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States, only to non-U.S. persons pursuant to Regulation S. The Notes and related guarantees will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

Neither this Report nor the press release attached hereto as Exhibit 99.1 shall constitute an offer to sell or a solicitation of an offer to buy the securities described above, and neither this Report nor the press release attached hereto as Exhibit 99.1 shall constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful.

Item 9.01. Financial Statements and Exhibits.






(d) Exhibits



Exhibit No.                          Description of Exhibits
  10.1           Purchase Agreement, dated October 22, 2021
  99.1           Press Release, dated October 22, 2021
104            The cover page from this Current Report on Form 8-K, formatted in
               Inline XBRL.

© Edgar Online, source Glimpses