Tenet purchased the notes, which have a 9 percent interest rate, with the net proceeds from its private offering of $900 million of senior secured notes with a 6.25 percent interest rate due in 2018.
Related Articles on Hospital Notes:
CHS: More Than $2.5B of 2015 Senior Notes Tendered
Health Management Closes on New Credit Facilities
HCA Offers $500M in Unsecured Notes
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.