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.

Tenet Healthcare Corporation reported second quarter 2026 net income of $826 million, or $9.84 per diluted share, significantly increasing from $288 million, or $3.14 per diluted share, in the prior year period. Adjusted diluted earnings per share rose 52.2% to $6.12. Consolidated Adjusted EBITDA grew 16.3% to $1.304 billion. The company raised its full-year 2026 Adjusted EBITDA outlook to a range of $4.83 billion to $5.03 billion and increased its Adjusted Free Cash Flow guidance to $2.725 billion to $3.025 billion. Additionally, the Board authorized a $2.0 billion increase to the existing share repurchase program. Tenet Healthcare is a diversified healthcare services company operating ambulatory surgery centers and acute care hospitals.