Community Health calls 5 1/8% senior secured notes subject to tender

New York, March 6 – Community Health Systems, Inc. said it will redeem the $700 million of 5 1/8% senior secured notes due 2018 issued by subsidiary CHS/Community Health Systems, Inc.

The notes will be repaid on April 3 at $1,012.81 per $1,000 principal amount plus accrued interest up to but excluding the redemption date, according to a notice from the issuer.

CHS/Community Health is conducting a tender for the notes which began on March 2.

Holders who take part will receive $1,014.25 per $1,000 principal amount for the notes, an amount which includes an early tender premium of $30.00 per $1,000 that will only be paid to those who submit their notes for purchase before 5 p.m. ET on March 15.

After the early tender date, the payment will be $984.25 per $1,000 principal amount.

The tender ends at 11:59 p.m. ET on March 29.

Community Health will also pay accrued interest up to but excluding the payment date.

Settlement of early tenders is planned for March 16.

Credit Suisse Securities (USA) LLC (800 820-1653 or 212 538-2147), BofA Merrill Lynch and J.P. Morgan Securities LLC are dealer managers.

D.F. King & Co., Inc. (888 886-4425, 212 269-5550 or chs@dfking.com) is information and tender agent.

Community Health is a Franklin, Tenn., hospital company.

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