AmSurg files to sell 8.5M shares of common, 1.25M shares of convert preferred

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AMSURG announced that it is concurrently offering 8.5M shares of its common stock and 1.25M shares of its Mandatory Convertible Preferred Stock, Series A-1, each in a separate registered public offering, subject to market and other conditions. The common stock and mandatory convertible preferred stock offerings are separate public offerings made by separate prospectus supplements. Neither offering is contingent upon the other offering or upon the consummation of the recently announced transaction between AMSURG and Sheridan Healthcare. AMSURG’s Mandatory Convertible Preferred Stock, Series A-1, has an offering price of $100 per share and will automatically convert into shares of AMSURG common stock on July 1, 2017. The dividend rate and the conversion terms of the mandatory convertible preferred stock will be determined by negotiations between AMSURG and the underwriters. Citigroup, SunTrust Robinson Humphrey, Barclays, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan and Raymond James are the joint book-running managers for the common stock and Mandatory Convertible Preferred Stock, Series A-1, offerings, and BMO Capital Markets, Piper Jaffray & Co. and Cantor Fitzgerald & Co. are the co-managers for the common stock and Mandatory Convertible Preferred Stock, Series A-1, offerings.

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