Tenet to repay $500 million of borrowings, seeks to expand revolver

By Marisa Wong

Los Angeles, April 2 – Tenet Healthcare Corp. said it plans to repay a portion of the $500 million of borrowings outstanding under its senior secured revolving credit facility using proceeds from an offering of new senior secured first-lien notes due 2025.

Tenet is also seeking an amendment to its senior secured revolver, which will include increasing borrowing capacity under the facility to $2 billion from $1.5 billion.

Tenet is a health care services company based in Dallas.

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