Community Health Systems, Inc. Announces Pricing of Senior Secured Notes Due 2030
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 $1,535.0 million aggregate principal amount of its 5.250% Senior Secured Notes due 2030 (the Notes) (the Notes Offering).
- 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 $1,535.0 million aggregate principal amount of its 5.250% Senior Secured Notes due 2030 (the Notes) (the Notes Offering).
- The sale of the Notes is expected to be consummated on or about February 4, 2022, subject to customary closing conditions.
- The Issuer intends to use the net proceeds of the Notes Offering to redeem all of its outstanding 6.625% Senior Secured Notes due 2025 (the 2025 Notes) and to pay related fees and expenses.
- This press release shall not constitute a notice of redemption for the 2025 Notes.