Kinetic Concepts to Offer $600M Notes

Kinetic Concepts Inc., a medical technology maker, said Tuesday it will offer $600 million convertible senior notes due 2015.

In addition, the San Antonio-based company may offer up to $90 million more notes to initial purchasers to cover overallotments.

Kinetic Concepts expects to enter into convertible note hedge transactions and warrant transactions with one or more of the offering's initial purchasers.

Kinetic Concepts will use part of the proceeds to pay the cost of the hedge transactions and will use the rest to fund its acquisition of LifeCell Corp., repay debt and for working capital and other general corporate uses.