Tenet Healthcare (THC) priced a private offering of $2 billion in senior notes due Sept. 15, 2034, bearing interest at 6.250% per annum, the company said late Tuesday.
The offering was upsized from a previously announced $1.5 billion, with completion expected Sept. 22, the company said.
Tenet said proceeds, along with cash on hand, will fund redemption of $1.5 billion of its 5.125% notes due 2027 and partial redemption of $500 million of its 6.125% notes due 2028.
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