ATLANTA, GA, April 9, 2015 (GLOBE NEWSWIRE) -- ExamWorks Group, Inc. (NYSE:EXAM) announced today that it has priced its previously announced offering of $500.0 million in aggregate principal amount of 5.625% senior unsecured notes due 2023 (the "Notes") pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (the "SEC") on April 7, 2015. The Notes will be issued at a price of 100% of their principal amount. The Notes will be senior obligations of ExamWorks and are expected to be guaranteed by certain of ExamWorks' existing and future U.S. subsidiaries. This offering is expected to close on or around April 16, 2015, subject to satisfaction of customary market and other closing conditions.
ExamWorks intends to use the net proceeds of $500.0 million to redeem all of the $250.0 million in aggregate principal amount of its outstanding 9.0% senior notes due 2019, to repay all outstanding borrowings under its existing credit facility, to pay related fees and expenses and for general corporate purposes, including acquisitions.
BofA Merrill Lynch, SunTrust Robinson Humphrey, Wells Fargo Securities, Barclays, Deutsche Bank Securities, Fifth Third Securities and Goldman, Sachs & Co. are acting as joint book-running managers.
This offering was made only by means of a prospectus and related prospectus supplement, which may be obtained for free by visiting the SEC's website at http://www.sec.gov. Alternatively, copies may be obtained by contacting the following, who is acting as representative of the underwriters:
BofA Merrill Lynch
New York, NY 10038
Attention: Prospectus Department
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About ExamWorks Group
ExamWorks Group, Inc. is a leading provider of independent medical examinations, peer reviews, bill reviews, Medicare compliance, case management, and related services. We help our clients manage costs and enhance their risk management processes by verifying the validity, nature, cause, and extent of claims, identifying fraud and providing fast, efficient, and quality IME services. ExamWorks is focused on providing clients a national presence while maintaining the local service and capabilities they need and expect.
CONTACT: ExamWorks Group, Inc. J. Miguel Fernandez de Castro 404-952-2400 Senior Executive Vice President and Chief Financial Officer firstname.lastname@example.org
Source:ExamWorks Group, Inc.