Community Health Systems (NYSE:CYH) has priced its $1.462B aggregate principal amount of 6.625% Senior Secured Notes due 2025 at par.
The size of the offering was increased by ~$442M.
Net proceeds will be used to purchase 5.125%
Senior Secured Notes due 2021, redeem the remaining 2021 Notes, purchase
in one or more privately negotiated transactions or redeem ~$425.5M
6.250% Senior Secured Notes due 2023 and pay related fees and expenses.
The sale of the Notes is expected on February 6.
https://seekingalpha.com/news/3534266-community-health-prices-debt-offering
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