Fitch assigns ‘B’/’RR4’ to Tenet’s $1.5B senior secured second-lien notes

Fitch Ratings assigned a “B”/”RR4” rating to Dallas-based Tenet Healthcare’s $1.5 billion senior secured second-lien notes, applying to $15 billion of debt outstanding as of Sept. 30, 2018.

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Proceeds will be used to refinance existing debt and pay all related fees and expenses.

The rating outlook is positive.

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