Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Energy International Ltd. > News item |
Community Health to repay $1.02 billion of term loans via new notes
By Tali Rackner
Norfolk, Va., March 7 – Community Health Systems, Inc. plans to repay $1,023,000,000 aggregate principal amount of certain term loans outstanding under its amended and restated credit facility using the proceeds from a new note offering, according to a press release.
The company’s wholly owned subsidiary, CHS/Community Health Systems, Inc. is planning a public offer of $1.75 billion of senior secured notes due 2023.
Proceeds will also be used to purchase any and all of CHS/Community Health’s 5 1/8% senior secured notes due 2018 that are validly tendered and not validly withdrawn in the cash tender offer announced on March 2 and redeem all of the 2018 notes that are not purchased pursuant to the tender offer.
Community Health is a Franklin, Tenn., hospital company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.