HCA to price $1 billion 10-year bullet offering Friday

By Paul A. Harris

St. Louis, Feb. 2 - HCA, Inc. is expected to price a $1 billion offering of 10-year senior bullet notes (Ba2/BB+/BB+) on Friday, informed sources say.

No official price talk had circulated Thursday night as Prospect News went to press.

Citigroup, Banc of America Securities LLC, Deutsche Bank Securities, JP Morgan and Merrill Lynch & Co. are joint bookrunners for the registered offering.

Proceeds will be used to pay down about $625 million on HCA's $1 billion interim term loan, with the balance to reduce amounts outstanding under its $1.75 billion revolving credit facility.

HCA is a Nashville-based hospital management company.

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