CHS to Offer $1B in Senior Notes to Pay Off Other Debt

Franklin, Tenn.-based Community Health Systems will offer $1 billion in senior notes due in 2020 in order to pay off other debt that is due in 2015.

CHS' other debt is $934 million of senior notes due in 2015 with an 8.875 percent interest rate.

The proceeds from the $1 billion offering will also go toward related expenses and fees as well as for "general corporate purposes."

More Articles on Community Health Systems:

Moody's Upgrades CHS' Rating Outlook to Stable

CHS Finalizes Exchange Offer of $2B in Senior Notes Due in 2019

Community Health Systems' 1Q Profit Jumps 23% With HHS Settlement

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