The transaction, dated Dec. 7, has an initial interest rate of 3.62 percent and the bond will mature Dec. 1, 2052.
Trinity, which acquired MercyOne Health in one of the larger hospital transactions this year, operates across 26 states in 88 hospitals plus multiple other locations.
The company had its credit rating affirmed at “AA-” even as it posted an overall loss of $1.4 billion in fiscal 2022, Fitch said Dec. 1.
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