HCA elects to redeem one series of 2023 notes on April 1

Chicago, March 2 – HCA Healthcare Inc. subsidiary HCA Inc. announced that it has elected to redeem all $1.25 billion of its 4.75% senior secured notes due 2023 on April 1, according to an 8-K filed with the Securities and Exchange Commission.

The redemption is conditioned on the receipt of net proceeds from a sale of new senior secured notes announced on Wednesday morning.

The company had said that it might also use proceeds to redeem all or a portion of the $1.25 billion outstanding 5.875% senior notes due 2023 and/or to repay borrowings under the company’s asset-based revolving credit facility in a press release earlier in the day.

HCA 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.