Tenet Announces Pricing of its $1.350 Billion Private Offering of Senior Secured Notes

Author's Avatar
May 02, 2023

Tenet Healthcare Corporation (NYSE: THC) today announced the pricing of the previously announced private placement offering and has agreed to issue and sell $1.350 billion in aggregate principal amount of senior secured first lien notes due on May 15, 2031, which will bear interest at a rate of 6.750% per annum (the “notes”). Completion of the notes offering is expected to occur on May 16, 2023, and is subject to, among other things, customary closing conditions.