Tenet amends to permit up to $3.2 billion of secured refinancing debt

By Sara Rosenberg

New York, May 21 - Tenet Healthcare Corp. amended its credit facility, allowing for the incurrence of up to $3.2 billion of secured refinancing debt, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

A condition of getting the refinancing debt is that the secured leverage ratio is less than 4.0 to 1.0 for the most recently ended four consecutive fiscal quarters.

The amendment was completed on May 15.

Citicorp is the administrative agent on the deal.

Tenet is a Dallas-based health care services company.

© 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.