Community Health Systems amends $1 billion asset-based revolver

Chicago, Nov. 23 – Community Health Systems, Inc. and its wholly owned subsidiary CHS/Community Health Systems, Inc. amended and restated their $1 billion asset-based revolver on Monday, according to an 8-K filing with the Securities and Exchange Commission.

The loan has JPMorgan Chase Bank, NA as administrative agent.

Up to $200 million of the facility is available for letters of credit.

The interest margin will be based on utilization. The range is SOFR plus 175 basis points to 225 bps.

The commitment fee will also be based on utilization, and will be between 25 bps and 37.5 bps for the unused portion.

The principal amounts outstanding will be due on Nov. 22, 2026.

There is a 91-day springing maturity if more than $350 million of the borrower’s senior notes are due before Nov. 22, 2026.

JPMorgan Chase Bank, NA is the collateral agent.

JPMorgan Chase Bank, NA, Capital One, NA, Citibank, NA, Credit Suisse Securities (USA), LLC, Bank of America, NA, RBC Capital Markets, LLC, Truist Securities, Inc. and Wells Fargo Bank, NA are the joint lead arrangers and joint bookrunners.

Goldman Sachs Bank USA is the documentation agent.

The borrower is a Franklin, Tenn.-based health care services provider.

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