COMMUNITY HEALTH SYSTEMS INC (CYH): debt financing — 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%.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

COMMUNITY HEALTH SYSTEMS INC incurred senior notes of $700,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 10.750% per year maturing 2033.

Instrument: senior notes
Principal: $700,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 10.750% per year
Maturity: 2033
Event: incurrence

Exact text from the filing

completed its previously announced sale and issuance of $700,000,000 aggregate principal amount of its 10.750% Senior Secured Notes due 2033

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Source: SEC EDGAR

accession 0001193125-25-116904

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