secwatch.observer — SEC 8-K summary
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Issuer:     TENET HEALTHCARE CORP (THC)
CIK:        0000070318
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001193125-25-266885
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tenet enters $1.9B ABL revolving credit facility maturing 2030
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70318/000119312525266885/0001193125-25-266885-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70318/000119312525266885/d85698d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-266885

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