Financing ·
Tenet Healthcare issues $2B of 6.250% senior notes due 2034 to redeem existing debt
THCTenet Healthcare Corp
Tenet Healthcare Corporation issued $2 billion in aggregate principal amount of 6.250% senior notes due 2034 on September 22, 2026. The company intends to use the net proceeds, together with cash on hand, to redeem all $1.5 billion outstanding of its 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 new debt is governed by a supplemental indenture that restricts liens, sale-leaseback transactions, and asset sales but permits additional indebtedness and restricted payments. Tenet Healthcare Corporation operates in the healthcare industry, owning and operating hospitals.