HCA plans to price $3 billion secured notes in two tranches Monday

By Paul A. Harris

Portland, Ore., March 3 - HCA Inc. plans to participate in an investor call at noon ET Monday to discuss a proposed $3 billion two-part offering of non-callable senior secured notes, according to a market source.

The public offering is coming in tranches of five-year notes and 10-year notes.

J.P. Morgan Securities LLC, Barclays, BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co., RBC Capital Markets Corp., SunTrust Robinson Humphrey Inc., UBS Investment Bank and Wells Fargo Securities LLC are the joint bookrunners.

Credit Agricole Securities (USA) Inc., Fifth Third Securities Inc., Mizuho Securities USA Inc. and SMBC Nikko are the co-managers.

The Nashville, Tenn.-based hospital company plans to use the proceeds to redeem and repurchase $1.5 billion of its 8½% senior secured notes due 2019 and $1.25 billion of its 7⅞% senior secured notes due 2020 and for general corporate purposes.

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