Community Health Systems Announces Offering of $1.580 Billion of Senior Secured Notes Due 2026
27 Fevereiro 2019 - 06:10PM
Business Wire
Community Health Systems, Inc. (the “Company”) (NYSE: CYH) today
announced that its wholly owned subsidiary, CHS/Community Health
Systems, Inc. (the “Issuer”), intends to offer $1.580 billion
aggregate principal amount of Senior Secured Notes due 2026 (the
“New Notes”), subject to market and other conditions.
The Issuer intends to use the net proceeds of the offering to
repay $1.557 billion aggregate principal amount of term loans
outstanding under its Term H Facility and to pay related fees and
expenses.
The New Notes will be offered in the United States to qualified
institutional buyers pursuant to Rule 144A under the Securities Act
of 1933, as amended (the “Securities Act”), and outside the United
States pursuant to Regulation S under the Securities Act. The New
Notes have not been registered under the Securities Act and may not
be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements.
This press release is neither an offer to sell nor a
solicitation of an offer to buy any securities, nor shall there be
any offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale would be unlawful. Any offers of the
New Notes will be made only by means of a private offering
memorandum. This notice is being issued pursuant to and in
accordance with Rule 135(c) under the Securities Act.
Forward-Looking Statement
This press release may include information that could constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements involve
risk and uncertainties. The Company undertakes no obligation to
revise or update any forward-looking statements, or to make any
other forward-looking statements, whether as a result of new
information, future events or otherwise, except as otherwise
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190227005958/en/
Thomas J. AaronExecutive Vice President and Chief Financial
Officer615-465-7000
Ross W. ComeauxVice President – Investor
Relations615-465-7012
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