debt
confidence high
sentiment neutral
materiality 0.60
UHS issues $1.1B in senior secured notes: $600M 5.5% due 2031, $500M 6.0% due 2036
UNIVERSAL HEALTH SERVICES INC
- $600M 5.500% Senior Secured Notes due 2031 and $500M 6.000% Senior Secured Notes due 2036 issued Aug 20, 2026.
- Notes are senior secured, guaranteed by subsidiary guarantors, secured by first-priority liens on certain assets.
- Proceeds to repay outstanding borrowings under revolving credit facility; underwriters' affiliates may receive portion.
- Notes have investment grade ratings from Moody's and S&P; change-of-control covenant initially suspended.
- Interest payable semi-annually March 1 and Sept 1, commencing March 1, 2027.