Ardent Health conditionally calls $475 million 9¾% notes due 2026

By Rebecca Melvin

Concord, N.H., June 21 – Ardent Health Services LLC announced the conditional full redemption of $475 million outstanding principal amount of AHP Health Partners Inc.’s 9¾% senior notes due 2026, according to a news release on Monday.

Ardent Health Partners is a subsidiary of Ardent Health Partners LLC.

The company plans to redeem, retire and discharge the notes in full on July 15, subjected to completion of a new issue of senior notes due 2029. The new deal is expected to be $300 million in size. The redemption is expected to be funded by the new issue and cash on hand.

The 2029 notes will be guaranteed on a senior unsecured basis by Ardent and certain of its existing and future wholly owned domestic subsidiaries (other than AHP Health Partners) that are guarantors under AHP Health Partners’ senior secured credit facilities.

Ardent Health is a Nashville-based owner and operator of hospitals.

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