HCA plans to sell $1.5 billion secured notes in two tranches Tuesday

By Paul A. Harris

Portland, Ore., Oct. 7 – HCA Inc. plans to price $1.5 billion of non-callable senior secured notes in tranches of five-year notes and 10.5-year notes on Tuesday, according to a syndicate source.

Tranche sizes remain to be determined.

BofA Merrill Lynch is the left bookrunner for the public offering.

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

Credit Agricole CIB, Fifth Third Securities, Mizuho Securities and SMBC Nikko are the co-managers.

The Nashville, Tenn.-based health care services provider plans to use the proceeds to refinance debt and for general corporate purposes.

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