TENET HEALTHCARE CORP (THC): debt financing — Tenet Healthcare issues $1.35B of 6.750% senior secured notes due 2031 to refinance near-term debt

TENET HEALTHCARE CORP

Issued $1,350,000,000 aggregate principal of 6.750% senior secured first lien notes due 2031.
Proceeds will redeem $756M of 4.625% notes due July 2024 and $589M of 4.625% notes due September 2024.
Notes are callable at make-whole prior to May 15, 2026, then at specified redemption prices.
Indenture has no restrictions on incurring additional debt, paying dividends, or making restricted payments.
Issued under existing base indenture with fortieth supplemental indenture dated May 16, 2023.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TENET HEALTHCARE CORP incurred senior notes of $1,350,000,000 with The Bank of New York Mellon Trust Company, N.A. (as trustee) at 6.750% maturing 2031.

Instrument: senior notes
Principal: $1,350,000,000
Counterparty: The Bank of New York Mellon Trust Company, N.A. (as trustee)
Rate: 6.750%
Maturity: 2031
Event: incurrence

Exact text from the filing

On May 16, 2023, Tenet Healthcare Corporation (“Tenet”) issued $1,350,000,000 in aggregate principal amount of 6.750% senior secured first lien notes due 2031 (the “Notes”).

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Source: SEC EDGAR

accession 0001193125-23-146125

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