Tenet Completes Offer of $714M in Senior Secured Notes

Dallas-based Tenet Healthcare has completed its cash tender offer to purchase the $714 million in senior secured notes due in 2015, according to a Tenet news release (pdf).


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

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