The high-yield notes are due 2030

Davis Polk advised the representative of the initial purchasers in connection with a Rule 144A / Regulation S offering by Owens & Minor, Inc. of $1 billion of its 10.000% senior secured notes due 2030. Subject to release of the proceeds from escrow, Owens & Minor, Inc. will use the net proceeds of the notes, together with cash on hand and expected borrowings under a new incremental term loan facility, to finance its acquisition of Rotech Healthcare Inc. and repayment of target debt.

Owens & Minor, a Fortune 500 company headquartered in Richmond, Virginia, is a global healthcare solutions company that provides product manufacturing, distribution support and technology services to hospitals, other healthcare providers and group purchasing organizations.

The Davis Polk capital markets team included partner Marcel Fausten, counsel Joze Vranicar and associates Joyce Kim and Courtney Wax. The finance team included partner David Hahn, counsel Andrei Takhteyev and associate Duan Xu. Counsel Yixuan Long and associates Charlotte Bilski Matthews and Carter Ballentine Allison provided tax advice. All members of the Davis Polk team are based in the New York office.

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