Community Health Systems, Inc. Announces Tack-On Offering of $1,125.0 Million 10.875% Senior Secured Notes Due 2032
21 Maggio 2024 - 2:10PM
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 an additional
$1,125.0 million aggregate principal amount of the Issuer’s
outstanding 10.875% Senior Secured Notes due 2032 (the “Tack-On
Notes”), subject to market and other conditions (the “Notes
Offering”).
The Issuer intends to use the net proceeds of the Notes Offering
to redeem all of its outstanding 8.000% Senior Secured Notes due
2026 (the “2026 Notes”), to pay related fees and expenses and for
general corporate purposes, which may include the repayment of a
portion of outstanding indebtedness. This press release shall not
constitute a notice of redemption for the 2026 Notes.
The Tack-On Notes will be offered in the United States to
persons reasonably believed to be 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 Tack-On 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
Tack-On 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/20240520364024/en/
Investor Contacts: Kevin J. Hammons, 615-465-7000
President and Chief Financial Officer or Anton Hie, 615-465-7012
Vice President – Investor Relations
Media Contact: Tomi Galin, 615-628-6607 Executive Vice
President, Corporate Communications, Marketing and Public
Affairs
Grafico Azioni Community Health Systems (NYSE:CYH)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Community Health Systems (NYSE:CYH)
Storico
Da Gen 2024 a Gen 2025