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HCA calls $1 billion 9 1/8% notes and $108.5 million 9 7/8% notes
By Toni Weeks
San Diego, May 11 - HCA Holdings, Inc. has issued a call to fully redeem its $1 billion of 9 1/8% senior secured notes due 2014 and $108.5 million of its 9 7/8% senior secured notes due 2017, according to a 10-Q filed with the Securities and Exchange Commission.
Both series of notes will be redeemed on June 2, with the 9 1/8% notes redeemed at 104.563 and the 9 7/8% notes at 109.875.
The pre-tax debt extinguishment charge related to the redemptions is expected to be roughly $75 million.
Nashville-based HCA Holdings is a holding company whose affiliates own and operate hospitals and related health care entities in 20 states and England.
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