Financing ·
Tenet Healthcare Corporation announced the pricing and upsizing of a $2.0 billion private placement offering of senior…
THCTenet Healthcare Corp
Tenet Healthcare Corporation announced the pricing and upsizing of a $2.0 billion private placement offering of senior notes due September 15, 2034, bearing interest at 6.250% per annum. The company intends to use net proceeds, combined with cash on hand, to fully redeem its $1.5 billion outstanding 5.125% senior secured first lien notes due November 2027 and partially redeem $0.5 billion of its 6.125% senior notes due October 2028. The closing is expected on September 22, 2026, with redemptions scheduled for September 23, 2026. Tenet Healthcare Corporation operates a diversified healthcare services network including acute care hospitals and ambulatory surgery centers.