{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-454058","form_type":"8-K","ticker":"CYH","cik":"0001108109","company_name":"COMMUNITY HEALTH SYSTEMS INC","filed_at":"2026-11-10T00:43:33+00:00","discovered_at":"2026-11-10T11:05:00.213055+00:00","generated_at":"2026-11-10T11:06:05.966613+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"CHS offers to exchange $1.24B of 6.875% 2029 junior notes for new 10.250% senior secured notes due 2035","bullets":["Exchange offer covers $1,244,476,000 of 6.875% Junior-Priority Secured Notes due 2029; new notes pay 10.250% and mature January 15, 2035.","Early tender deadline Nov 23, 2026 pays $1,000 new notes per $1,000 old, including $30 early premium; after that $970; offer expires Dec 10, 2026.","Supporting holders owning about $643.7M, roughly 52%, of Old Notes signed a support agreement to tender and consent to removing most covenants from the 2029 indenture.","Backstop: if tenders fall short, supporting holders receive New Notes equal to the untendered amount and deliver 6.125% 2030 junior notes at a 0.87 ratio.","New notes guaranteed by CHS and domestic subsidiaries, secured by shared first-priority liens with existing secured notes and second-priority liens on ABL collateral."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-454058","json":"https://secwatch.observer/filing/0001193125-26-454058.json","markdown":"https://secwatch.observer/filing/0001193125-26-454058.md","text":"https://secwatch.observer/filing/0001193125-26-454058.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108109/000119312526454058/0001193125-26-454058-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1108109/000119312526454058/d266722d8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-11-10T11:06:05.966613+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}