Tenet will use the proceeds to buy up more debt — its senior secured notes due in 2018 with a high 10 percent interest rate. The for-profit hospital operator also plans to use the funds for some transactions.
More Articles on Tenet Healthcare:
For-Profit Hospital Stock Report: Week of Jan. 28-Feb. 1, 2013
Tenet Healthcare Announces Joint Venture Between San Ramon Regional Med Center, John Muir Health
Tenet to Sell $850M in Senior Secured Notes
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