Community Health to launch $1.2 billion credit facility on Wednesday

By Sara Rosenberg

New York, Feb. 7 - Community Health Systems Inc. is set to launch a $1.2 billion credit facility on Wednesday, according to a market source.

Credit Suisse Securities (USA) LLC is the lead bank on the deal.

The facility consists of a $700 million revolver and a $500 million term loan A, the source said.

Proceeds will be used to pay down non-extended term loan borrowings.

Community Health is a Nashville, Tenn.-based operator of hospitals.

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