DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) has completed its previously
announced private offering of $750 million aggregate principal amount of
senior secured second lien notes maturing in 2022 (the “notes”). The net
proceeds of the notes will be used, after payment of fees and expenses,
to repay indebtedness outstanding under Tenet’s senior secured revolving
credit facility and for general corporate purposes.
This news release is neither an offer to sell nor a solicitation of an
offer to buy, nor shall there be any sale of, these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful.
About Tenet Healthcare
Tenet Healthcare Corporation is a diversified healthcare services
company with 130,000 employees united around a common mission: to help
people live happier, healthier lives. Through its subsidiaries,
partnerships and joint ventures, including United Surgical Partners
International, the company operates 79 general acute care hospitals, 20
short-stay surgical hospitals and approximately 470 outpatient centers
in the United States, as well as nine facilities in the United Kingdom.
Tenet’s Conifer Health Solutions subsidiary provides technology-enabled
performance improvement and health management solutions to hospitals,
health systems, integrated delivery networks, physician groups,
self-insured organizations and health plans. For more information,
please visit www.tenethealth.com.
The terms “THC,” “Tenet Healthcare Corporation,” “Tenet,” “the company,”
“we,” “us” or “our” refer to Tenet Healthcare Corporation or one or more
of its subsidiaries or affiliates as applicable.
This release contains “forward-looking statements” – that is, statements
that relate to future, not past, events. In this context,
forward-looking statements often address our expected future business
and financial performance and financial condition, and often contain
words such as “expect,” “assume,” “anticipate,” “intend,” “plan,”
“believe,” “seek,” “see,” or “will.” Forward-looking statements by their
nature address matters that are, to different degrees, uncertain.
Particular uncertainties that could cause our actual results to be
materially different than those expressed in our forward-looking
statements include, but are not limited to, uncertainties about the
closing of the offering, the expected use of proceeds and the factors
disclosed under “Forward-Looking Statements” and “Risk Factors” in our
Form 10-K for the year ended December 31, 2015, Form 10-Q for the
quarterly period ended September 30, 2016 and other filings with the
Securities and Exchange Commission. Among other things, these factors
include the potentially heightened risk of repeal, modification or other
material change in the Patient Protection and Affordable Care Act
following the outcome of recent Presidential and Congressional elections.
Tenet uses its company website to provide important information to
investors about the company including the posting of important
announcements regarding financial performance and corporate developments.
