PHCC Priority Healthcare b (MM)

Priority Healthcare Completes $150 Million Credit Facility LAKE MARY, Fla., March 1 /PRNewswire-FirstCall/ -- Priority Healthcare Corporation announced today that it has completed a $150 million senior revolving credit facility. The facility is unsecured and has a term of three years. The company intends to use the available proceeds to fund acquisitions, repurchase shares of Priority Healthcare Common Stock, provide for working capital and capital expenditures, and for other general corporate purposes. SunTrust Robinson Humphrey, a division of SunTrust Capital Markets, Inc., served as lead arranger and SunTrust Bank, Inc. served as the administrative agent. "We were certainly pleased by the response we received to the credit facility issuance," said Steve Saft, Chief Financial Officer. "As a first- time issuer in the syndicated loan market, the fact that we were able to attract a large contingent of top-tier financial institutions is a testament to the financial strength of Priority Healthcare." This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes or the underlying common stock. About Priority Healthcare Corporation Priority Healthcare Corporation is a national specialty pharmacy and distributor that provides biopharmaceuticals, complex therapies, and related disease treatment services. Priority Healthcare provides comprehensive programs for patients, payors, physicians, and pharmaceutical manufacturers for a growing number of disease states including cancer, hepatitis C, respiratory and pulmonary conditions, infertility, rheumatoid arthritis, hemophilia, multiple sclerosis, and macular degeneration. Additional information on Priority Healthcare is available online at http://www.priorityhealthcare.com/ Certain statements included in this press release, which are not historical facts, are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent our expectations or beliefs and involve certain risks and uncertainties, including those described in our public filings with the United States Securities and Exchange Commission;also including, but not limited to, changes in interest rates, competitive pressures, changes in customer mix, changes in third party reimbursement rates, financial stability of major customers, changes in government regulations or the interpretation of these regulations, changes in supplier relationships, growth opportunities, cost savings, revenue enhancements, synergies and other benefits anticipated from acquisition transactions, difficulties relative to integrating acquired businesses, the accounting and tax treatment of acquisitions, and asserted and unasserted claims, which could cause actual results to differ from those in the forward-looking statements. The forward-looking statements by their nature involve substantial risks and uncertainties, certain of which are beyond our control, and actual results may differ materially depending on a variety of important factors. You are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date herein. http://www.newscom.com/cgi-bin/prnh/20030417/PHCLOGO http://photoarchive.ap.org/ DATASOURCE: Priority Healthcare Corporation CONTACT: financial, Stephen Saft, Chief Financial Officer, +1-407-804-6700, or media, Kirsten Ayars, Public RelationsManager, +1-407-804-5826, both of Priority Healthcare Corporation Web site: http://www.priorityhealthcare.com/

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