debt
confidence high
sentiment neutral
materiality 0.50
Universal Health Services issues $1B senior secured notes to refinance term loan
UNIVERSAL HEALTH SERVICES INC
- $1B in senior secured notes: $500M at 4.625% due 2029, $500M at 5.050% due 2034.
- Notes are guaranteed by subsidiaries that also guarantee UHS credit facility.
- Proceeds used to repay outstanding borrowings under UHS's tranche A term loan facility.
- Underwriters include J.P. Morgan, BofA, Truist, U.S. Bancorp, Wells Fargo.