- Community Health Systems, Inc. (CYH, Financial) announced the sale of $700 million in 10.750% Senior Secured Notes due in 2033.
- The proceeds will be used to redeem existing 8.000% Senior Secured Notes due 2027.
- The transaction is scheduled to be finalized on May 9, 2025.
Community Health Systems, Inc. (CYH), based in Franklin, Tennessee, has entered into an agreement to sell $700 million in aggregate principal amount of 10.750% Senior Secured Notes due 2033. The notes, offered through a private transaction, are scheduled for completion around May 9, 2025, pending customary closing conditions.
The net proceeds from this transaction will be allocated to redeem all outstanding 8.000% Senior Secured Notes due 2027. These notes will be redeemed at par, along with accrued and unpaid interest up to the redemption date, including fees and expenses associated with the transaction.
This strategic financial maneuver is conducted under an exemption from registration requirements set by the Securities Act of 1933, as amended. Consequently, the 2033 Notes are restricted from being offered or sold in the United States absent registration or an applicable exemption. Importantly, this announcement should not be considered an offer to sell or solicit any securities in any jurisdiction where such activities would be considered unlawful.
