Community Health Systems tenders for up to $1 billion 8 7/8% notes

By Jennifer Chiou

New York, Nov. 9 - Community Health Systems Inc. subsidiary CHS/Community Health Systems, Inc. announced the launch of a cash tender offer for up to $1 billion of its $2,784,331,000 of 8 7/8% senior notes due 2015.

The offer will end at midnight ET on Dec. 6.

For each $1,000 principal amount, the Franklin, Tenn.-based hospital operator said it will pay $1,047.50, including a $30.00 early tender payment for those who tender prior to 5 p.m. ET on Nov. 21.

The company will also pay accrued interest.

Early settlement is slated for Nov. 22.

The offer is conditioned on, among other things, debt financing amounting to at least $1 billion.

Credit Suisse Securities (USA) LLC is the dealer manager (800 820-1653 or call collect or 212 538-2147). D.F. King & Co., Inc. is the information agent (800 488-8095 or call collect 212 269-5550).

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.