secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY HEALTH SYSTEMS INC (CYH)
CIK:        0001108109
Form:       8-K
Filed at:   2024-05-22T23:59:59+00:00
Accession:  0001193125-24-144198
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CHS prices $1.225B tack-on 10.875% notes due 2032; conditional redemption of 8% notes due 2026
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- Priced $1.225B add-on to outstanding 10.875% Senior Secured Notes due 2032 at 102% of par, total now $2.225B outstanding.
- Upsized from initial $1.125B by $100M; closing expected June 5, 2024.
- Proceeds used to redeem all outstanding 8.000% Senior Secured Notes due 2026 at par plus accrued interest.
- Also plans $100M repurchase of other outstanding notes and general corporate purposes including ABL repayment.
- Redemption of 2026 notes conditioned on completing debt financing yielding sufficient cash proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108109/000119312524144198/0001193125-24-144198-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108109/000119312524144198/d804983d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-144198

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