---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-266885"
form_type: "8-K"
ticker: "THC"
cik: "0000070318"
company_name: "TENET HEALTHCARE CORP"
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:27:10.545485+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Tenet enters $1.9B ABL revolving credit facility maturing 2030

## Summary
- New $1.9B senior secured revolving credit facility with $200M letter-of-credit sub-facility.
- Facility matures Nov 4, 2030, with springing maturity if certain senior notes exceed $2.5B.
- Existing $200M LC facility amended to extend maturity from 2027 to Nov 4, 2030.
- ABL interest: base rate +0.25%-0.50% or SOFR/EURIBOR +1.25%-1.50% based on average quarterly availability.
- JPMorgan Chase is administrative agent; Barclays Bank PLC is LC facility agent.

## SEC filing metadata
- accession: 0001193125-25-266885
- form_type: 8-K
- ticker: THC
- cik: 0000070318
- company_name: TENET HEALTHCARE CORP
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70318/000119312525266885/0001193125-25-266885-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70318/000119312525266885/d85698d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-266885
- JSON: https://secwatch.observer/filing/0001193125-25-266885.json
- Plain text: https://secwatch.observer/filing/0001193125-25-266885.txt

## Key facts
- Debt Financings
  TENET HEALTHCARE CORP incurred revolving credit of up to $1.9 billion with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR, Daily Simply SOFR or EURIBOR Rate plus an applicable margin ranging f maturing November 4, 2030.
  - Instrument: revolving credit
  - Principal: up to $1.9 billion
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Rate: Term SOFR, Daily Simply SOFR or EURIBOR Rate plus an applicable margin ranging f
  - Maturity: November 4, 2030
  - Event: incurrence
  source text: The ABL Agreement has an effective date of November 4, 2025 and provides for, subject to borrowing availability, revolving loans in an aggregate principal amount of up to $1.9 billion with a $200 million sub-facility for letters of credit. Tenet’s borrowing availability under the ABL Agreement is calculated by reference to a borrowing base which is determined
  evidence_url: https://www.sec.gov/Archives/edgar/data/70318/000119312525266885/0001193125-25-266885-index.htm
- Debt Financings
  TENET HEALTHCARE CORP amended credit facility of up to $200 million with Barclays Bank PLC, as administrative agent at base rate plus a margin equal to 0.25% per annum maturing November 4, 2030.
  - Instrument: credit facility
  - Principal: up to $200 million
  - Counterparty: Barclays Bank PLC, as administrative agent
  - Rate: base rate plus a margin equal to 0.25% per annum
  - Maturity: November 4, 2030
  - Event: amendment
  source text: has an effective date of November 4, 2025 and provides for, subject to borrowing availability, revolving loans in an aggregate principal amount of up to $1.9 billion with a $200 million sub-facility for letters of credit. Tenet’s borrowing availability under the ABL Agreement is calculated by reference to a borrowing base which is determined by specified
  evidence_url: https://www.sec.gov/Archives/edgar/data/70318/000119312525266885/0001193125-25-266885-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.