BioScrip (BIOS -6.3%) slides today after announcing a $75M stock offering, while affiliates of...

|By:, SA News Editor

BioScrip (BIOS -6.3%) slides today after announcing a $75M stock offering, while affiliates of its largest shareholders offer an additional $25M. BIOS won't receive any proceeds from the shareholders' portion of the sale. Jefferies, Morgan Stanley and SunTrust Robinson Humphrey are acting as joint book-running managers. Additionally, the company says it intends to refinance its existing indebtedness with the proceeds of a new $325M senior secured credit facility, including a revolving credit facility and a term loan.