CHS issues $700M 10.75% notes due 2033; uses proceeds to redeem 8% notes due 2027

COMMUNITY HEALTH SYSTEMS INC

Issued $700M 10.750% Senior Secured Notes due 2033, closed May 9, 2025.
Net proceeds with cash on hand redeem all $699.924M of 8.000% Senior Secured Notes due 2027.
Supplemental indenture removes substantially all restrictive covenants on 6.875% 2028 Notes.
Interest on new notes paid semi-annually from Dec 15, 2025; make-whole redemption before June 15, 2030.
Refinancing extends maturity to 2033 but increases coupon from 8% to 10.75%.

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