EXHIBIT 99.1

EX-99.1 3 l91307aex99-1.htm EXHIBIT 99.1 EXHIBIT 99.1

EXHIBIT 99.1

DESCRIPTION OF NOTES


Issuer		Res-Care, Inc.




Notes Offered		$150,000,000 aggregate principal amount of 10.625% Senior Notes to be placed pursuant to Rule 144A.




Maturity		Seven (7) years.




Optional Redemption		Non-callable for four (4) years.




Equity Clawback		Up to 35% of principal with proceeds of qualified equity offerings.




Change of control		Investor put at 101% of principal plus accrued and unpaid interest.




Restrictive Covenants		Standard high yield.




Use of Proceeds		Repay certain indebtedness and general corporate purposes.