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Tenet Healthcare launches tender for up to $800 million 7 3/8% notes
By Jennifer Chiou
New York, Aug. 3 - Tenet Healthcare Corp. announced the start of a tender offer for up to $800 million of its 7 3/8% senior notes due 2013.
The offer will end at midnight ET on Aug. 30.
The Dallas-based hospital chain said it will pay $1,055 per $1,000 principal amount, including an early tender premium of $30.00, for those who tender prior to 5 p.m. ET on Aug. 16.
Tenet will also pay accrued interest up to the settlement date.
The offer is conditioned on tenders for $600 million minimum of notes as well as the completion of a new senior notes offering.
The dealer managers are Barclays Capital (800 438-3242 or call collect 212 528-7581), BofA Merrill Lynch (888 292-0070 or call collect 980 388-9217), Goldman, Sachs & Co. (800 828-3182 or call collect 212 902-5183) and Citi (800 588-3745). The information agent is Global Bondholder Services Corp. (866 795-2200 or call collect 212 430-3774).
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