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Published on 5/6/2015 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

HCA plans to redeem $1.53 billion 7¾% notes due 2021 via new issue

By Susanna Moon

Chicago, May 6 – HCA Holdings, Inc. said it intends to redeem its $1,525,000,000 principal amount of outstanding 7¾% senior notes due 2021.

Funding for the redemption would come from wholly owned subsidiary HCA Inc.’s planned issue of $1.6 billion principal amount of 5 3/8% senior notes due 2025, according to a company press release.

The new notes will trade interchangeably with the $1 billion 5 3/8% senior notes due 2025 issued by HCA Inc. on Jan. 16.

Proceeds also would be used for general corporate purposes.

HCA is a Nashville-based health-care services company.


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