debt
confidence high
sentiment neutral
materiality 0.70
CHS issues $700M 10.75% Senior Secured Notes due 2033 to refinance 8% 2027 notes
COMMUNITY HEALTH SYSTEMS INC
- $700M aggregate principal of 10.750% Senior Secured Notes due 2033 sold via private placement.
- Proceeds plus cash on hand will redeem all outstanding 8.000% Senior Secured Notes due 2027 at par.
- Redemption conditional on closing of new notes; expected closing on or about May 9, 2025.
- Issuer delivered conditional redemption notice for the 2027 Notes with a May 9, 2025 redemption date.