HCA plans to price $1 billion 10.5-year first-lien notes on Tuesday

By Paul A. Harris

St. Louis, March 1 - HCA Inc. plans to price a $1 billion offering of senior secured first-lien notes due September 2020 (expected ratings Ba3/BB) on Tuesday, according to an informed source.

Pricing will be preceded by an investor call at 10:30 a.m. ET on Tuesday.

Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Barclays Capital Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. and Wells Fargo Securities are joint bookrunners for the Rule 144A offering.

Credit Agricole, Credit Suisse, Daiwa Securities America Inc., Mizuho Securities USA Inc., Morgan Stanley & Co. Inc., RBC Capital Markets Corp. and RBS Securities Inc. are the co-managers.

The notes come with five years of call protection.

Proceeds will be used to repay a portion of the term loans outstanding under the company's senior secured credit facility.

HCA is a Nashville-based owner and operator of hospitals and surgery centers.

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