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Tenet Calls for Partial Redemption of 4.625% Senior Secured First Lien Notes due 2024

Tenet Calls for Partial Redemption of 4.625% Senior Secured First Lien Notes due 2024

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DALLAS–(BUSINESS WIRE)–Tenet Healthcare Corporation (NYSE: THC) today called for the redemption of $1.100 billion of the $1.870 billion aggregate principal amount of its outstanding 4.625% senior secured first lien notes due July 15, 2024 (the “Notes”). As a result, Tenet expects to lower its future annual cash interest payments by approximately $50 million. This retirement of debt will be funded with approximately $1.100 billion of proceeds from the recent sale of the Company’s five hospital

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