Community Health Systems, Inc. Announces Offering of $1,440 Million of Junior-Priority Secured Notes Due 2030
May 04 2021 - 7:30AM
Business Wire
Community Health Systems, Inc. (the “Company”) (NYSE: CYH) today
announced that its wholly owned subsidiary, CHS/Community Health
Systems, Inc. (the “Issuer”), intends to offer $1,440 million
aggregate principal amount of Junior-Priority Secured Notes due
2030 (the “Notes”), subject to market and other conditions (the
“Notes Offering”).
The Issuer intends to use the net proceeds from the Notes
Offering, together with cash on hand, to redeem all of its
outstanding 8.125% Junior-Priority Secured Notes due 2024 and to
pay related fees and expenses.
The Notes will be offered in the United States to persons
reasonably believed to be qualified institutional buyers pursuant
to Rule 144A under the Securities Act of 1933, as amended (the
“Securities Act”), and outside the United States pursuant to
Regulation S under the Securities Act. The Notes have not been
registered under the Securities Act and may not be offered or sold
in the United States absent registration or an applicable exemption
from the registration requirements.
This press release is neither an offer to sell nor a
solicitation of an offer to buy any securities, nor shall there be
any offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale would be unlawful. Any offers of the
Notes will be made only by means of a private offering memorandum.
This notice is being issued pursuant to and in accordance with Rule
135(c) under the Securities Act.
Forward-Looking Statements
This press release may include information that could constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements involve
risk and uncertainties. The Company undertakes no obligation to
revise or update any forward-looking statements, or to make any
other forward-looking statements, whether as a result of new
information, future events or otherwise, except as otherwise
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210504005724/en/
Investor Contacts: Kevin J. Hammons, 615-465-7000
President and Chief Financial Officer or Ross W. Comeaux,
615-465-7012 Vice President – Investor Relations
Media Contact: Tomi Galin, 615-628-6607 Senior Vice
President, Corporate Communications, Marketing and Public
Affairs
Community Health Systems (NYSE:CYH)
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