debt
confidence high
sentiment neutral
materiality 0.60
HCA Healthcare issues $3B in senior notes across three tranches with rates 5.45%-5.95%
HCA Healthcare, Inc.
- $3B total: $750M 5.45% notes due 2031 (now $1.75B total), $1.25B 5.45% notes due 2034, $1B 5.95% notes due 2054.
- Notes are senior unsecured obligations of HCA Inc., fully guaranteed by HCA Healthcare.
- Interest payable semi-annually; first payments Oct 2024 (2031) and Mar 2025 (2034/2054).
- Optional redemption permitted; change-of-control repurchase at 101% of principal plus accrued interest.
- Indentures include customary covenants limiting liens, sale-leaseback, and mergers.