secwatch.observer — SEC 8-K summary
======================================

Issuer:     UNIVERSAL HEALTH SERVICES INC (UHS)
CIK:        0000352915
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001193125-24-229561
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UHS issues $1B in senior secured notes, refinances $2.2B term loan facility
---------------------------------------------------------------------------

- $500M of 4.625% notes due 2029 and $500M of 5.050% notes due 2034 issued on Sep 26, 2024.
- New $1.3B revolving credit facility and $1.2B term loan facility established under Tenth Amendment.
- Proceeds from notes and term loan used to repay $2.199B of outstanding existing term loan plus fees.
- Notes are senior secured, guaranteed by subsidiaries, rank equally with existing senior secured debt.
- Credit facility margins tied to Consolidated Net Leverage Ratio; initially 0.375% for ABR loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/352915/000119312524229561/0001193125-24-229561-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/352915/000119312524229561/d895626d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-229561

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer