Tenet Healthcare plans to sell $500 million 4.5-year bullet Wednesday

By Paul A. Harris

Portland, Ore., Sept. 24 – Tenet Healthcare Corp. plans to price a $500 million offering of non-callable 4.5-year senior notes (expected ratings B3/CCC+) on Wednesday, according to a market source.

BofA Merrill Lynch, Barclays, Wells Fargo Securities LLC, Citigroup Global Markets Inc., SunTrust Robinson Humphrey Inc., J.P. Morgan Securities LLC and Goldman Sachs & Co. are the joint bookrunners for the Rule 144A and Regulation S offering.

The Dallas-based company plans to use the proceeds for general corporate purposes.

Tenet Healthcare owns and operates acute care hospitals, ambulatory surgery centers and diagnostic imaging centers.

© 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.