Leaders of HealthSouth Corp., the troubled Birmingham, Ala.-based operator of ambulatory surgery, diagnostic imaging and rehab centers, will face their creditors, stock analysts and the public Tuesday in an investors' conference at the headquarters of one of its lead creditors, J.P. Morgan Chase in New York.
The meeting at 3:30 p.m. EST will be webcast at healthsouth.com.
HealthSouth operates more than 200 ambulatory surgery centers, many with physician partners.
HealthSouth announced Friday it had refinanced its 3.25% convertible subordinated bonds due April 1, 2003, from the proceeds of a seven-year, $355 million loan through Credit Suisse First Boston.
HealthSouth also issued warrants to the lender to purchase 10 million shares of common stock. Each warrant will have a term of 10 years from the date of issuance and an exercise price of $6.50 per share, the company said.