Addus HomeCare (ADUS) Announces Proposed 1.5M Share Offering

Addus HomeCare Corporation (Nasdaq: ADUS) (“Addus” or the “Company”), a provider of home care services, today announced that it has commenced a proposed public offering of 1,500,000 shares of its common stock. Addus expects to grant the underwriters a 30-day option to purchase additional shares of its common stock in an amount of up to 225,000 shares of its common stock.

BofA Securities and Jefferies are acting as joint book-running managers for the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the final size or terms of the offering. Addus intends to use approximately $81.4 million of the net proceeds it receives from this offering for the repayment of all indebtedness outstanding under its credit facility and the remainder for general corporate purposes, including the Company’s previously announced acquisition of the personal care assets of Gentiva and any future acquisitions or investments. There are no selling stockholders in the offering.

An automatic shelf registration statement (including a prospectus) relating to the offering of common stock was filed with the U.S. Securities and Exchange Commission (the “SEC”) on September 2, 2022, and became effective upon filing. This offering will be made only by means of a prospectus supplement and the accompanying prospectus that forms a part of the effective shelf registration statement. A preliminary prospectus supplement, dated June 26, 2024, and accompanying prospectus, dated September 2, 2022, relating to the offering will be filed with the SEC. Investors are advised to carefully consider the investment objectives, risks and charges and expenses of Addus described therein before investing. To obtain a copy of the preliminary prospectus supplement, dated June 26, 2024, and the final prospectus supplement (when available) for this offering, please contact BofA Securities, NC1-022-02-25, Attn: Prospectus Department, 201 North Tryon Street, Charlotte, NC 28255, or by emailing [email protected], or Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, or by telephone at (877) 821-7388, or by emailing [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

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