Tenet Healthcare Corporation has entered into a new financing arrangement, issuing $1.5 billion in 5.500% senior secured first lien notes due 2032 and $750 million in 6.000% senior notes due 2033. The proceeds from these notes, after fees and expenses, will be used along with cash on hand to redeem all $1.5 billion outstanding of its 6.250% senior secured second lien notes due February 2027 and partially redeem $750 million of its 6.125% senior notes due October 2028. The new notes are governed by indentures containing various covenants restricting certain activities, though they allow for additional indebtedness and certain transactions among Tenet's subsidiaries.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tenet Healthcare Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-286146), on November 18, 2025, and is solely responsible for the information contained therein.
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