newsfilter
← Latest News
Business Wire·

Community Health Systems, Inc. Announces Commencement of Tender Offer for Certain Outstanding Senior Secured Notes

CYH
  • Community Health Systems, Inc. announced a tender offer to purchase up to $600 million of its outstanding senior secured notes.
  • The offer includes up to $350 million of 4.750% Senior Secured Notes due 2031 (Tender Cap 1) with an acceptance priority level of 1.
  • The offer includes up to $250 million of 10.875% Senior Secured Notes due 2032 (Tender Cap 2) with an acceptance priority level of 2.
  • The 2031 Notes are priced at $950 per $1,000 principal amount if tendered early, which includes a $50 early tender payment.
  • The 2032 Notes are priced at $1,082.50 per $1,000 principal amount if tendered early, which includes a $50 early tender payment.
  • Holders must tender by 5:00 p.m. New York City time on May 5, 2026, to qualify for the early tender payment.
  • The tender offer expires at 5:00 p.m. New York City time on May 20, 2026.
  • Early settlement is expected on May 7, 2026, while final settlement is expected on May 22, 2026.
  • Tenders can be withdrawn until 5:00 p.m. New York City time on May 5, 2026.
  • The tender offer will be financed using cash on hand.
  • UBS Investment Bank serves as the dealer manager for the tender offer.
  • Global Bondholder Services Corporation acts as the information and tender agent.