CHS has struggled with a heavy debt load and plunging share prices for months. The 119-hospital chain’s stock price traded down about 11.6 percent June 29 after closing June 28 at $3.71.
CHS’ stock price fell June 29 after the company priced a new offering of approximately $1.03 billion of senior secured notes after markets closed June 28. CHS intends to use the proceeds to pay off about $1.01 billion in outstanding term loans and related expenses.
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