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Published on 4/20/2022 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Tenet Healthcare retires $478 million 7% notes due 2025 in Q1

By Wendy Van Sickle

Columbus, Ohio, April 20 – Tenet Healthcare Corp. retired all $478 million of 7% senior notes due in 2025 using available cash on hand in the first quarter of 2022, according to a news release.

The redemption will lower the company’s annual cash interest payments by about $33 million.

Tenet is a Dallas-based health care company.


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