Universal Health Services, Inc. entered into an underwriting agreement on August 11, 2026, to issue $1.1 billion in aggregate principal amount of senior secured notes. The issuance consists of two tranches: $600 million of 5.500% Senior Secured Notes due 2031 and $500 million of 6.000% Senior Secured Notes due 2036. All existing and future direct and indirect subsidiaries guaranteeing the issuer's senior secured credit facility or other first lien obligations will provide a senior secured guarantee for the notes. The underwriters include J.P. Morgan Securities LLC, BofA Securities, Inc., Truist Securities, Inc., U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC. Proceeds may be used to repay outstanding borrowings under the issuer's revolving credit facility. Universal Health Services operates in the healthcare industry, providing hospital management services.
