The notes will mature in 2018 and will bear interest at a rate of 6.25 percent per year, according to the release.
Tenet plans to use the net proceeds from the offering, along with existing cash, to pay the purchase price and other stipulations for its 9 percent senior secured notes due in 2015.
Related Articles on Hospital Debt:
Health Management Associates to Refinance Debt With $3.7B in New Borrowing
Michigan’s Trinity Health to Sell $648M of Debt
HCA Offers $500M in Unsecured Notes
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