Community Health Systems, Inc. Launches Credit Facility Financing for the Acquisition of HMA

FRANKLIN, Tenn.--(BUSINESS WIRE)--Community Health Systems, Inc. (the “Company”) (NYSE:CYH) today announced that it and its wholly-owned subsidiary CHS/Community Health Systems, Inc. are launching a credit facility financing in connection with the previously announced acquisition of Health Management Associates Inc. (“HMA”) (NYSE:HMA). The new credit facility financing includes a new Revolving Credit Facility of $1.0 billion which will replace the Company’s existing revolving credit facility and mature in 2019, a new Term Loan A Facility of $1.0 billion which will replace the Company’s existing Term Loan A Facility and mature in 2019, an extension of the maturity of certain existing extended term loans maturing in 2017 to 2021, and a new $2.26 billion Term Loan D Facility that will mature in 2021. Proceeds from a portion of the new Term Loan A Facility and the Term Loan D Facility are expected to be applied to finance the acquisition of HMA and refinance existing indebtedness.