HCA completed the sale of $500 million in senior notes Jan. 22, according to a filing with the Securities and Exchange Commission. The notes will mature in 2028.
The remaining $1 billion in senior notes, which will mature in 2029, are expected to be sold by Jan. 30.
Net proceeds from the offerings will be used “for general corporate purposes, which may include acquisitions,” according to the SEC filing. In a credit rating update published Jan. 17, Moody’s Investors Service said proceeds from HCA’s new unsecured notes will fund its planned acquisition of Asheville, N.C.-based Mission Health.
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