Tenet Calls for Full Redemption of 4.875% Senior Secured First Lien Notes due 2026
16 Febbraio 2024 - 11:00PM
Business Wire
Tenet Healthcare Corporation (NYSE: THC) today called for the
redemption of all $2,100 million outstanding of its 4.875% Senior
Secured First Lien Notes due 2026 (the “Notes”), which were issued
pursuant to the Indenture, dated as of November 6, 2001 (the “Base
Indenture”), by and between Tenet and The Bank of New York, as
predecessor to The Bank of New York Mellon Trust Company, N.A., as
trustee, as supplemented by the Thirty-Second Supplemental
Indenture, dated as of August 26, 2019 (the “Thirty-Second
Supplemental Indenture” and, the Base Indenture, as amended and
supplemented by the Thirty-Second Supplemental Indenture, the
“Indenture”).
The Notes will be redeemed on March 5, 2024 (the “Redemption
Date”), with cash on hand, at a redemption price equal to 100% of
the principal amount of the Notes being redeemed together with
accrued and unpaid interest up to, but not including, the
Redemption Date. This press release shall not constitute a notice
of redemption of the Notes.
Cautionary Statement
This release contains “forward-looking statements” – that is,
statements that relate to future, not past, events. In this
context, forward-looking statements often address Tenet’s expected
future business and financial performance and financial condition,
and often contain words such as “expect,” “anticipate,” “assume,”
“believe,” “budget,” “estimate,” “forecast,” “intend,” “plan,”
“predict,” “project,” “seek,” “see,” “target,” or “will.”
Forward-looking statements by their nature address matters that
are, to different degrees, uncertain. Particular uncertainties that
could cause Tenet’s actual results to be materially different than
those expressed in Tenet’s forward-looking statements include, but
are not limited to, the factors disclosed under “Forward-Looking
Statements” and “Risk Factors” in our Form 10-K and other filings
with the Securities and Exchange Commission.
About Tenet Healthcare
Tenet Healthcare Corporation (NYSE: THC) is a diversified
healthcare services company headquartered in Dallas. Our care
delivery network includes United Surgical Partners International,
the largest ambulatory platform in the country, which operates or
has ownership interests in more than 480 ambulatory surgery centers
and surgical hospitals. We also operate 58 acute care and specialty
hospitals, approximately 160 other outpatient facilities, a network
of leading employed physicians and a global business center in
Manila, Philippines. Our Conifer Health Solutions subsidiary
provides revenue cycle management and value-based care services to
hospitals, health systems, physician practices, employers and other
clients. Across the Tenet enterprise, we are united by our mission
to deliver quality, compassionate care in the communities we serve.
For more information, please visit www.tenethealth.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240215947062/en/
Investor Contact: Will McDowell 469-893-2387
william.mcdowell@tenethealth.com
Media Contact: Robert Dyer 469-893-2640
mediarelations@tenethealth.com
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