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June 2, 2020, 7:13 a.m. EDT

Tenet Healthcare to offer $600 million of senior secured first lien notes that mature in 2028

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By Ciara Linnane

Hospital operator Tenet Healthcare Corp. /zigman2/quotes/207964487/composite THC -5.20% said Tuesday it is offering $600 million in senior secured first lien notes that mature in 2028 in a private placement. Proceeds will be used for general corporate purposes, including for repayment or refinancing of existing debt, cash on balance sheet, as well as working capital and capex. Shares were not active premarket, but have fallen 41% in the year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.12% has fallen 5%.

/zigman2/quotes/207964487/composite
US : U.S.: NYSE
$ 28.23
-1.55 -5.20%
Volume: 2.24M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.98 billion
Rev. per Employee
$158,554
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/zigman2/quotes/210599714/realtime
US : S&P US
3,319.47
-37.54 -1.12%
Volume: 4.09B
Sept. 18, 2020 5:15p
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