TENET HEALTHCARE CORP (THC): debt financing — Tenet issues $2.25B in notes to refinance near-term debt maturities

TENET HEALTHCARE CORP

Issued $1.5B of 5.500% senior secured first lien notes due 2032 and $750M of 6.000% senior notes due 2033.
Proceeds plus cash on hand to redeem $1.5B of 6.250% notes due 2027 and partially redeem $0.75B of 6.125% notes due 2028.
First lien notes secured; senior notes unsecured; both have change-of-control and optional redemption provisions.
Covenants restrict liens, asset sales, and mergers but not additional debt, dividends, or investments.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TENET HEALTHCARE CORP incurred senior notes of $750,000,000 with The Bank of New York Mellon Trust Company, N.A. at 6.000% maturing 2033.

Instrument: senior notes
Principal: $750,000,000
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 6.000%
Maturity: 2033
Event: incurrence

Exact text from the filing

and $750,000,000 in aggregate principal amount of 6.000% senior notes due 2033 (the “Senior Notes” and together with the First Lien Notes, the “Notes”).

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TENET HEALTHCARE CORP incurred senior notes of $1,500,000,000 with The Bank of New York Mellon Trust Company, N.A. at 5.500% maturing 2032.

Instrument: senior notes
Principal: $1,500,000,000
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 5.500%
Maturity: 2032
Event: incurrence

Exact text from the filing

On November 18, 2025, Tenet Healthcare Corporation (“Tenet”) issued $1,500,000,000 in aggregate principal amount of 5.500% senior secured first lien notes due 2032 (the “First Lien Notes”)

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73 debt financings filed in the last 30 days. Browse all debt financings →

TENET HEALTHCARE CORP filing history →

Source: SEC EDGAR

accession 0001193125-25-286146

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