---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-045863"
form_type: "8-K"
ticker: "SGRY"
cik: "0001638833"
company_name: "Surgery Partners, Inc."
filed_at: "2024-04-10T23:59:59+00:00"
generated_at: "2026-06-04T00:25:46.214681+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Surgery Partners issues $800M 7.250% notes due 2032, refinances higher-coupon debt

## Summary
- Subsidiary Surgery Center Holdings issued $800M aggregate principal of 7.250% senior unsecured notes due April 15, 2032.
- Proceeds used to redeem existing 10.000% Senior Notes due 2027 and 6.750% Senior Notes due 2025 at par plus accrued interest.
- Redemption date is April 25, 2024; existing indentures satisfied and discharged.
- Interest on new notes payable semi-annually on April 15 and October 15, beginning October 15, 2024.

## SEC filing metadata
- accession: 0001104659-24-045863
- form_type: 8-K
- ticker: SGRY
- cik: 0001638833
- company_name: Surgery Partners, Inc.
- filed_at: 2024-04-10T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1638833/000110465924045863/0001104659-24-045863-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1638833/000110465924045863/tm2411508d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-045863
- JSON: https://secwatch.observer/filing/0001104659-24-045863.json
- Plain text: https://secwatch.observer/filing/0001104659-24-045863.txt

## Key facts
- Material Agreements
  Surgery Partners, Inc. terminated Existing Indentures (2027 Notes Indenture and 2025 Notes Indenture) with Wilmington Trust, National Association valued at Satisfaction and discharge of 10.000% Senior Notes due 2027 and 6.750% Senior Notes due 2025 (effective 2024-04-10).
  - Action: termination
  - Agreement: notes offering
  - Counterparty: Wilmington Trust, National Association
  - Value: Satisfaction and discharge of 10.000% Senior Notes due 2027 and 6.750% Senior Notes due 2025
  - Effective: 2024-04-10
  source text: In connection with the issuance of the Notes, on April 10, 2024, the Issuer effected a satisfaction and discharge of those certain Indentures, dated as of April 11, 2019 (the “2027 Notes Indenture”), among the Issuer, the guarantors party thereto from time to time and the Trustee, governing the Issuer’s 10.000% Senior Notes due 2027 (the “2027 Notes”) and that certain Indenture, dated as of June 30, 2017 (the “2025 Notes Indenture” and together with the 2027 Notes Indenture, the “Existing Indentures”), among the Issuer, the guarantors party thereto from time to time and the Trustee, governing the Issuer’s 6.750% Senior Notes due 2025 (the “2025 Notes” and together with the 2027 Notes, the “Existing Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1638833/000110465924045863/0001104659-24-045863-index.htm
- Material Agreements
  Surgery Partners, Inc. entered into Indenture dated April 10, 2024 with Wilmington Trust, National Association valued at $800,000,000 7.250% senior unsecured notes due 2032 (effective 2024-04-10).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Wilmington Trust, National Association
  - Value: $800,000,000 7.250% senior unsecured notes due 2032
  - Effective: 2024-04-10
  source text: On April 10, 2024, Surgery Center Holdings, Inc. (the “Issuer”), a wholly owned subsidiary of Surgery Partners, Inc. (the “Registrant”), completed the issuance and sale of $800.0 million in gross proceeds of the Issuer’s 7.250% senior unsecured notes due 2032 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1638833/000110465924045863/0001104659-24-045863-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.