Community Health Systems Announces Pricing of Senior Secured Notes Due 2026
28 Fevereiro 2019 - 07:49PM
Business Wire
Community Health Systems, Inc. (the “Company”) (NYSE: CYH) today
announced that its wholly owned subsidiary, CHS/Community Health
Systems, Inc. (the “Issuer”), has priced an offering of
approximately $1.601 billion aggregate principal amount of its
8.00% Senior Secured Notes due 2026 (the “New Notes”). The size of
the offering was increased by approximately $21 million aggregate
principal amount subsequent to the initial announcement of the
offering.
The sale of the New Notes is expected to be consummated on or
about March 6, 2019, subject to customary closing 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 are being 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 Statements
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/20190228006069/en/
Investor Contacts:Thomas J. AaronExecutive Vice
Presidentand Chief Financial Officer615-465-7000Ross W. ComeauxVice
President – Investor Relations615-465-7012
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