debt
confidence high
sentiment neutral
materiality 0.85
Tenet Healthcare Prices $2.0 Billion Senior Secured Notes Offering to Redeem 2023 Notes
TENET HEALTHCARE CORP
- Tenet Healthcare upsized its private offering of senior secured first lien notes to $2.0 billion, priced at 6.125% due 2030.
- The notes will be used to redeem all $1.748 billion of its 6.750% senior notes due 2023, with redemption expected on July 1, 2022.
- The offering was initially announced at $1.8 billion and increased to $2.0 billion; closing expected June 15, 2022.
- The notes are secured on a first lien basis and guaranteed by certain subsidiaries.