Community Health Systems, Inc. Announces Offering of $750.0 Million of Senior Secured Notes Due 2032
11 Diciembre 2023 - 6:41AM
Business Wire
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 $750.0 million
aggregate principal amount of Senior Secured Notes due 2032 (the
“Notes”), subject to market and other conditions (the “Notes
Offering”).
The Issuer intends to use the net proceeds of the Notes Offering
to refinance a portion of its outstanding 8.000% Senior Secured
Notes due 2026 (the “2026 Notes”) through privately negotiated
transactions, a tender offer and/or a redemption. This press
release shall not constitute an offer to repurchase any 2026
Notes.
The Notes will be offered in the United States to persons
reasonably believed to be qualified institutional buyers pursuant
to Rule 144A under the Securities Act of 1933, as amended (the
“Securities Act”), and outside the United States pursuant to
Regulation S under the Securities Act. The Notes have not been
registered under the Securities Act and may not be offered or sold
in the United States absent registration or an applicable exemption
from the registration requirements.
This press release is neither an offer to sell nor a
solicitation of an offer to buy any securities, nor shall there be
any offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale would be unlawful. Any offers of the
Notes will be made only by means of a private offering memorandum.
This notice is being issued pursuant to and in accordance with Rule
135(c) under the Securities Act.
Forward-Looking Statements
This press release may include information that could constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements involve
risk and uncertainties. The Company undertakes no obligation to
revise or update any forward-looking statements, or to make any
other forward-looking statements, whether as a result of new
information, future events or otherwise, except as otherwise
required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231210562481/en/
Investor Contacts: Kevin J. Hammons, 615-465-7000
President and Chief Financial Officer or Anton Hie, 615-465-7012
Vice President – Investor Relations
Media Contact: Tomi Galin, 615-628-6607 Executive Vice
President, Corporate Communications, Marketing and Public
Affairs
Community Health Systems (NYSE:CYH)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Community Health Systems (NYSE:CYH)
Gráfica de Acción Histórica
De May 2023 a May 2024