April 21, 2018 10:43 AM ET

Healthcare Equipment and Supplies

Company Overview of KCI USA, Inc.

Company Overview

KCI USA, Inc. manufactures, sells, and markets therapeutic specialty support surfaces and medical devices. It also offers products on rent. The company provides products for patients in acute, sub-acute, and extended care facilities, and for patients in their homes. It sells its products through home medical equipment dealers and sales representative. The company was formerly known as KCI Therapeutic Services, Inc. and changed its name to KCI USA, Inc. in August, 1999. The company was incorporated in 1991 and is based in San Antonio, Texas. KCI USA, Inc. operates as a subsidiary of KCI Licensing Inc.

12930 Interstate Highway 10 West

San Antonio, TX 78249

United States

Founded in 1991

Phone:

800-275-4524

Key Executives for KCI USA, Inc.

KCI USA, Inc. does not have any Key Executives recorded.

KCI USA, Inc. Key Developments

Kinetic Concepts, Inc. and KCI USA, Inc. Repay their Existing Credit Facilities and Redeemed all Outstanding Principal Amounts of their 9.625% Second Lien Senior Secured Notes Due 2021

Acelity L.P. Inc. has announced that, on February 3, 2017, its wholly-owned operating subsidiaries, Kinetic Concepts, Inc. and KCI USA, Inc. (collectively, the Borrowers or the Issuers) repaid in full their existing credit facilities and redeemed all outstanding principal amounts of their 9.625% Second Lien Senior Secured Notes due 2021 and their 12.5% Senior Notes due 2019. Additionally, the Borrowers, together with certain of Acelity’s other subsidiaries, entered into a new credit agreement which provides for a $1,085 million term facility, €239 million euro term facility and a $300 million revolving facility. The term loan facilities will mature on February 3, 2024, and the revolving facility will mature on February 3, 2022.

Kinetic Concepts, Inc. and KCI USA, Inc. Announce Expiration of and Final Results for the Exchange Offer with Respect to Senior Notes Due 2019

Acelity L.P. Inc. announced the final results of the private offer to Eligible Holders by its subsidiaries, Kinetic Concepts, Inc. and KCI USA, Inc. (together with KCI, the “Issuers”), to exchange a portion of their 12.5% Senior Notes due 2019 (the “Existing Unsecured Notes”) for up to $450.0 million aggregate principal amount of their new 12.5% Limited Third Lien Senior Secured Notes due 2021 (the “New Notes”). The Exchange Offer expired at midnight, New York City time, on October 3, 2016 (the “Expiration Date”). The Issuers were advised by the exchange agent for the Exchange Offer that, as of the Expiration Date, a total of $445,061,000 aggregate principal amount of Existing Unsecured Notes, representing approximately 72.72% of the outstanding Existing Unsecured Notes, were properly tendered (and not validly withdrawn) in the Exchange Offer. The Issuers will accept for exchange such amount of Existing Unsecured Notes properly tendered and not validly withdrawn in the Exchange Offer, such that the aggregate principal amount of New Notes issued in the Exchange Offer does not exceed $450.0 million. As there were less than $450.0 million aggregate principal amount of Existing Unsecured Notes properly tendered (and not validly withdrawn) in the Exchange Offer as of the Expiration Date, the Issuers will accept for exchange all such Existing Unsecured Notes properly tendered (and not validly withdrawn) without proration. Upon settlement of the Exchange Offer, holders of Existing Unsecured Notes whose Existing Unsecured Notes were properly tendered (and not validly withdrawn) at or prior to 5:00 p.m., New York City time, on September 19, 2016 (the “Early Tender and Consent Date”) and whose Existing Unsecured Notes are accepted by the Issuers for exchange pursuant to the Exchange Offer will receive, for each $1,000 principal amount of Existing Unsecured Notes accepted for exchange, the “Total Exchange Consideration” of $1,000 principal amount of New Notes, which includes the “Early Participation Premium” of $50 principal amount of New Notes.

Kinetic Concepts, Inc. and KCI USA, Inc. Commences Exchange Offer and Consent Solicitation with Respect to Senior Notes Due 2019

Acelity L.P. Inc. announced that its wholly-owned subsidiaries, Kinetic Concepts, Inc. and KCI USA, Inc. have commenced a private offer to Eligible Holders to exchange a portion of their 12.5% Senior Notes due 2019 for up to $450.0 million aggregate principal amount of their new 12.5% Limited Third Lien Senior Secured Notes due 2021. The Issuers are also soliciting consents, for no consideration, from holders of Existing Unsecured Notes to certain proposed amendments to the indenture governing the Existing Unsecured Notes. Holders of Existing Unsecured Notes may not tender Existing Unsecured Notes without delivering a Consent with respect to the Existing Unsecured Notes tendered and holders of Existing Unsecured Notes may not deliver a Consent with respect to any Existing Unsecured Notes without tendering the relevant Existing Unsecured Notes. The Issuers will accept for exchange such amount of Existing Unsecured Notes properly tendered and not validly withdrawn in the Exchange Offer, such that the aggregate principal amount of New Notes issued in the Exchange Offer does not exceed $450.0 million. As of June 30, 2016, there was $612.0 million aggregate principal amount of the Existing Unsecured Notes outstanding. In the event that the Exchange Offer is oversubscribed, upon the terms and subject to the conditions of the Exchange Offer, the Existing Unsecured Notes will be accepted for exchange on a pro rata basis.

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