HCA refinances with $1.12 billion term A-6 loan that matures in 2024

By Wendy Van Sickle

Columbus, Ohio, July 22 – HCA Inc. entered into a joinder agreement on July 16 to refinance its senior secured term A-5 loan with a new $1.12 billion senior secured term A-6 loan maturing on July 16, 2024, according to an 8-K filing with the Securities and Exchange Commission.

The term A-5 loan was scheduled to mature on June 10, 2020.

Pricing was also decreased. The term A-6 loan will bear interest at a rate of Libor plus a margin based on its ratio of consolidated total debt to consolidated EBITDA. The initial margin is 137.5 basis points.

All other terms of the A-6 loan are substantially the same as those of the A-5 loan.

Bank of America, NA is the administrative agent.

HCA is a Nashville-based health care services provider. It is a subsidiary of HCA Healthcare, Inc.

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