HCA Offers $500M in Unsecured Notes

Nashville, Tenn.-based Hospital Corporation of America is offering a $500 million aggregate principal amount of senior unsecured notes, according to an HCA news release.

Net proceeds from the offering will be used for "general corporate purposes," which could include funding part of its acquisition of the Colorado Health Foundation's shares of its Denver-based joint venture, HCA-HealthONE.

Terms of the notes, including interest rate and principal amount, will depend on the conditions of the market during pricing, the release said.

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