{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-155183","form_type":"8-K","ticker":"CYH","cik":"0001108109","company_name":"COMMUNITY HEALTH SYSTEMS INC","filed_at":"2024-06-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.310505+00:00","generated_at":"2026-06-01T06:10:33.925453+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"CHS issues $1.225B add-on 10.875% notes due 2032, redeems $1.116B 8.000% notes due 2026","bullets":["Issued $1.225B aggregate principal of 10.875% Senior Secured Notes due 2032 (Tack-On Notes) under existing indenture.","Net proceeds used to redeem all $1.116B of 8.000% Senior Secured Notes due 2026 and repurchase ~$100M of other existing notes.","Entered new $1B ABL credit facility maturing June 5, 2029, replacing prior ABL; SOFR-based margin 1.75%-2.25%.","New notes secured by first-priority liens on non-ABL collateral and second-priority on ABL collateral; guaranteed by parent and domestic subs.","Refinancing extends near-term maturities but at a higher coupon (10.875% vs 8.000%), increasing future interest expense."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-155183","json":"https://secwatch.observer/filing/0001193125-24-155183.json","markdown":"https://secwatch.observer/filing/0001193125-24-155183.md","text":"https://secwatch.observer/filing/0001193125-24-155183.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108109/000119312524155183/0001193125-24-155183-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1108109/000119312524155183/d848346d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T06:10:33.925453+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}