The amount was increased from $1.8 billion, Tenet said in a June 1 news release. Completion of the notes is expected to happen June 15.
The health system will use the net proceeds from the sale of the notes to finance all $1.7 billion outstanding of its 6.750 percent senior notes due in 2023, according to a June 1 Tenet news release.
Read more here.
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.