HCA Healthcare announced that its wholly owned subsidiary, HCA Inc., has commenced a proposed public offering of senior unsecured notes. The actual terms, including maturity and interest rate, will depend on market conditions at the time of pricing. HCA Inc. intends to use the net proceeds for general corporate purposes, specifically to redeem all $1.200 billion of its 4.500% senior notes due February 2027, repay outstanding borrowings under its $8.000 billion commercial paper program, and repay any outstanding borrowings under its senior unsecured credit facility. The redemption is conditioned on receiving the net proceeds from the offering prior to the December 2, 2026 redemption date. Mizuho Securities USA LLC, Barclays Capital Inc., BofA Securities, Inc., and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.
HCA Healthcare operates a network of hospitals and healthcare facilities across the United States.
