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HCA plans to redeem $1.53 billion 7¾% notes due 2021 via new issue
By Susanna Moon
Chicago, May 6 – HCA Holdings, Inc. said it intends to redeem its $1,525,000,000 principal amount of outstanding 7¾% senior notes due 2021.
Funding for the redemption would come from wholly owned subsidiary HCA Inc.’s planned issue of $1.6 billion principal amount of 5 3/8% senior notes due 2025, according to a company press release.
The new notes will trade interchangeably with the $1 billion 5 3/8% senior notes due 2025 issued by HCA Inc. on Jan. 16.
Proceeds also would be used for general corporate purposes.
HCA is a Nashville-based health-care services company.
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