Abbey Healthcares Sells Debentures: Abbey Healthcare Group...

Abbey Healthcares Sells Debentures: Abbey Healthcare Group Inc., which provides home health care to invalids in 37 states, said Tuesday that it has sold $86 million worth of debentures convertible to Abbey stock at $19.55 a share.

The 6.5% debentures are due in the year 2002. Of the $83 million that Costa Mesa-based Abbey netted from the sale, $45.6 million goes to repay other debt under the company’s senior credit facilities; $11.6 million goes to buy 1.1 million shares at $10.50 each from NWE Capital Corp. under an option acquired in October; the rest goes for general corporate purposes.