1. HCA, Tenet set bond priorities.
- Author
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Galloro, Vince
- Subjects
- *
BONDS (Finance) , *CORPORATE bonds , *BANK loans , *SALE of business enterprises , *HOSPITALS - Abstract
The article reports on the bond offerings of HCA and Tenet Healthcare Corp. A total of $300 million in new bonds was announced by HCA. The bonds are due to mature in 2017. HCA has also asked its bank lenders to alter their credit agreements to allow the company to issue new debt solely for the purpose of repaying the bank lending. A definitive agreement has been secured by Tenet on the sale of two hospitals to the University of Southern California that will net Tenet cash proceeds of $310 million.
- Published
- 2009