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

MarketWatch logo MarketWatch 6/2/2020 Ciara Linnane
MARKET PULSE

Hospital operator Tenet Healthcare Corp. (thc) 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 (spx) has fallen 5%.

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