Press release content from Business Wire. The AP news staff was not involved in its creation.
Community Health Systems, Inc. Announces Pricing of Senior Secured Notes Due 2031
January 26, 2021 GMT
FRANKLIN, Tenn. (BUSINESS WIRE) Jan 26, 2021
Community Health Systems, Inc. (the “Company”) (NYSE: CYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), has priced an offering of $1.095 billion aggregate principal amount of its 4.750% Senior Secured Notes due 2031 (the “Notes”) (the “Notes Offering”). The sale of the Notes is expected to be consummated on or about February 9, 2021, subject to customary closing conditions.
The Issuer intends to use the net proceeds of the Notes Offering, together with cash on hand, to redeem all of its outstanding 8.625% Senior Secured Notes due 2024 (the “2024 Notes”) and to pay related fees and expenses.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Community Health Systems, Inc. Announces Offering of $1.095 Billion of Senior Secured Notes Due 2031
January 26, 2021 GMT
FRANKLIN, Tenn. (BUSINESS WIRE) Jan 26, 2021
Community Health Systems, Inc. (the “Company”) (NYSE: CYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), intends to offer $1.095 billion aggregate principal amount of Senior Secured Notes due 2031 (the “Notes”), subject to market and other conditions (the “Notes Offering”).
The Issuer intends to use the net proceeds of the Notes Offering, together with cash on hand, to redeem all of its outstanding 8.625% Senior Secured Notes due 2024 (the “2024 Notes”) and to pay related fees and expenses. This press release shall not constitute a notice of redemption for the 2024 Notes.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Community Health Systems, Inc. Announces Early Tender Results and Notice of Redemption for Its 6.250% Senior Secured Notes Due 2023
December 28, 2020 GMT
FRANKLIN, Tenn. (BUSINESS WIRE) Dec 28, 2020
Community Health Systems, Inc. (the “Company”) (NYSE: CYH) announced today the early tender results of the previously announced cash tender offer (the “Tender Offer”) by its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), to purchase for cash any and all of the Issuer’s outstanding 6.250% Senior Secured Notes due 2023 (the “2023 Notes”), on the terms and subject to the conditions set forth in the Offer to Purchase Statement, dated December 11, 2020, as amended (the “Offer to Purchase”).