| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Tenet Healthcare Corp. > News item |
Tenet Healthcare to redeem $1.35 billion 4 5/8% notes due 2024
By Wendy Van Sickle
Columbus, Ohio, May 2 – Tenet Healthcare Corp. plans to redeem all $756 million outstanding of its 4 5/8% senior secured first-lien notes due July 2024 and all $589 million outstanding of its 4 5/8% senior secured first-lien notes due September 2024 with proceeds of an offering of $1.35 billion of 6¾% senior secured first-lien notes due May 15, 2031, according to a press release Tuesday.
The September 2024 notes will be redeemed at par plus accrued interest on May 17, and the July 2024 notes will be redeemed at 101.156 plus accrued interest on July 1.
Tenet said it would also use cash on hand to fund the redemption.
The new notes priced on Tuesday.
The owner and operator of acute care hospitals, ambulatory surgery centers, diagnostic imaging centers and related health care facilities is based in Dallas.
© 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.