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Owens & Minor Announces Upsize and Pricing of Senior Secured Notes Offering

1. OMI is offering $1 billion in senior secured notes with 10% interest. 2. The offering is scheduled to close on April 4, 2025.

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FAQ

Why Neutral?

The high-interest notes may increase OMI's debt burden. However, they could also provide necessary capital for growth, balancing the potential impact.

How important is it?

The offering provides liquidity but increases financial risk; impact varies with market conditions.

Why Long Term?

The effects of the debt will be felt over several years, especially affecting cash flow and interest payments until maturity in 2030.

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HCALKSD
RICHMOND, Va.--(BUSINESS WIRE)--Owens & Minor, Inc. (NYSE:OMI) (the “Company”) announced today the upsize and pricing of its private offering (the “Offering”) of $1 billion aggregate principal amount of its 10.000% senior secured notes due 2030 (the “Notes”). The Offering is expected to close on April 4, 2025, subject to customary closing conditions. The Notes will bear interest at the rate of 10.000% per year. The Notes will mature on April 15, 2030 (subject to certain earlier maturity tri.

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