HCA to pay cash for November interest payment on 2016 toggle notes

By Angela McDaniels

Tacoma, Wash., May 7 - HCA Inc. will make the November interest payment on its $1.5 billion 9 5/8%/10 3/8% senior secured toggle notes due 2016 entirely in cash, according to an 8-K filing with the Securities and Exchange Commission.

The company chose the pay-in-kind option for the May interest payment.

HCA said it will evaluate the PIK option prior to the beginning of each eligible interest period. The PIK option is available for interest payment periods prior to Nov. 15, 2011.

The issuer is a Nashville-based health care services provider.

© 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.