---
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"
generated_at: "2026-06-01T06:10:33.925453+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CHS issues $1.225B add-on 10.875% notes due 2032, redeems $1.116B 8.000% notes due 2026

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-155183
- JSON: https://secwatch.observer/filing/0001193125-24-155183.json
- Plain text: https://secwatch.observer/filing/0001193125-24-155183.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.