Franklin, Tenn.-based Community Health Systems reduced its debt load Dec. 15 by redeeming portions of two series of senior secured notes.
Through its wholly owned subsidiary, CHS/Community Health Systems, the system redeemed all $13.7 million in outstanding principal of its 5.625% senior secured notes due in 2027, along with $222.5 million in principal of its 10.875% senior secured notes due in 2032, according to a Dec. 15 news release.
After the redemption, CHS’ aggregate outstanding principal of the 2032 notes is just over $2 billion.
The debt reduction comes after CHS reported an operating income of $243 million (7.9% margin) in the third quarter of 2025, up from the $205 million operating loss (-6.6% margin) during the same quarter in 2024. In August, the system refinanced $1.7 billion in senior secured notes due in 2027 through the issuance of $1.8 billion in new notes due in 2034. A $33 million-pretax loss was generated on early debt retirement.
CHS leases or owns 70 hospitals with over 10,000 beds. It runs more than 1,000 care sites across 14 states.
