Tenet extends $200M LC facility to March 2027, switches to SOFR

TENET HEALTHCARE CORP

Extended letter of credit facility maturity from Sept 2024 to March 2027.
Replaced LIBOR with Term SOFR as the reference interest rate.
Facility size stays at $200M; Tenet also has a $1.5B revolver maturing March 2027.
Amendment executed Sept 7, 2023 with Barclays as administrative agent.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TENET HEALTHCARE CORP amended LC Amendment with Barclays Bank PLC valued at $200 million (effective 2023-09-07).

Action: amendment
Agreement: credit facility
Counterparty: Barclays Bank PLC
Value: $200 million
Effective: 2023-09-07

Exact text from the filing

On September 7, 2023 (the “Closing Date”), Tenet Healthcare Corporation, a Nevada corporation (“Tenet”), entered into an Amendment No. 6 (the “LC Amendment”) to extend its existing Letter of Credit Facility Agreement, dated as of March 7, 2014 (as amended by the LC Amendment and in effect as of the Closing Date, the “LC Agreement”), by and among Tenet, the LC participants and issuers party thereto and Barclays Bank PLC, as administrative agent (the “LC Agent”).

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TENET HEALTHCARE CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-231607

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