---
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"
generated_at: "2026-11-10T11:06:05.966613+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CHS offers to exchange $1.24B of 6.875% 2029 junior notes for new 10.250% senior secured notes due 2035

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-454058
- JSON: https://secwatch.observer/filing/0001193125-26-454058.json
- Plain text: https://secwatch.observer/filing/0001193125-26-454058.txt

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