HCA to price three-part senior note offering via four bookrunners

By William Gullotti

Buffalo, N.Y., May 1 – HCA Inc. plans to price a public offering of senior secured notes in three tranches due 2028, 2033 and 2053, according to a 424B3 filing with the Securities and Exchange Commission.

The notes will be irrevocably and unconditionally guaranteed by HCA’s parent company, HCA Healthcare, Inc.

Each tranche will feature a make-whole call until some months prior to maturity, followed by a par call. Also included in all three tranches are put rights that may be exercised at 101 upon a change of control.

BofA Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the joint bookrunning managers.

Delaware Trust Co. is the trustee.

Cleary Gottlieb Steen & Hamilton LLP, Bass, Berry & Sims plc and in-house counsel will advise the issuer and guarantor. Cahill Gordon & Reindel LLP is counsel to the underwriters.

Proceeds will be used for general corporate purposes and debt repayment.

HCA is a Nashville-based for-profit operator of health care facilities.

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