Community Health Systems Offering $1.58B Senior Secured Notes Due 2026

Community Health Systems, Inc. (the “Company”) (NYSE: CYH) 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 billionaggregate 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.

https://www.marketscreener.com/COMMUNITY-HEALTH-SYSTEMS-12247/news/Community-Health-Systems-Announces-Offering-of-1-580-Billion-of-Senior-Secured-Notes-Due-2026-Comm-28147290/