CHS said proceeds from the senior secured notes, which will be due in 2026, will be used to pay off $1.56 billion in outstanding term loans and related expenses.
CHS has taken several steps to shrink its debt load in recent years, including selling off several hospitals. With the help of proceeds from the hospital sales, CHS brought down its long-term debt load from $13.88 billion at the end of 2017 to $13.39 billion at the end of last year.
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