Vanguard Health may pay down revolver debt with notes proceeds

By Sara Rosenberg

New York, March 27 - Vanguard Health Systems Inc. may repay borrowings under its revolving credit facility using proceeds from a $350 million 7¾% senior notes offering, according to a news release.

The notes may also be used for other general corporate purposes, including working capital, capital expenditures and acquisitions.

Vanguard is a Nashville, Tenn.-based owner and operator of acute care and specialty hospitals and complementary facilities and services.

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