Community Health Systems, Inc. Announces Commencement of Tender Offer for 5.125% Senior Secured Notes Due 2018
The tender offer will expire at
Certain information regarding the 2018 Notes and the terms of the tender offer is summarized in the table below.
Title of Security
Aggregate Principal Amount
Late Tender Offer
5.125% Senior Secured
Each holder who validly tenders, and does not validly withdraw, its 2018
Notes on or prior to
Holders validly tendering, and not validly withdrawing, 2018 Notes after
the Early Tender Deadline and on or before the Expiration Time will be
eligible to receive only the late tender offer consideration, which
represents the total tender offer consideration less the early tender
premium. In addition, holders whose 2018 Notes are accepted for payment
in the tender offer will receive accrued and unpaid interest from the
last interest payment date to, but not including, the applicable payment
date for their 2018 Notes purchased pursuant to the tender offer. 2018
Notes tendered prior to
At any time after the Early Tender Deadline and prior to the Expiration
Time (such time, the “Early Acceptance Time”), the Issuer may elect to
accept for purchase 2018 Notes tendered prior to such Early Acceptance
Time on the terms and subject to the conditions of the tender offer.
Payment for any 2018 Notes so accepted will be made promptly after the
Early Acceptance Time, which is currently expected to occur on
The Issuer’s obligation to accept for purchase, and to pay for, 2018 Notes validly tendered and not validly withdrawn pursuant to the tender offer is subject to the satisfaction or waiver of certain conditions described in the tender offer documents. The Issuer intends to finance the purchase of the 2018 Notes in the tender offer and pay related fees and expenses from the proceeds of a new debt financing or financings. The complete terms and conditions of the tender offer are set forth in the tender offer documents that are being sent to holders of 2018 Notes. Holders of 2018 Notes are urged to read the tender offer documents carefully.
The Issuer has retained
The tender offer is being made solely by means of the tender offer documents. Under no circumstances shall this press release constitute an offer to purchase or the solicitation of an offer to sell the 2018 Notes or any other securities of the Issuer or any other person, nor shall there be any offer or sale of any 2018 Notes or other securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No recommendation is made as to whether holders of the 2018 Notes should tender their 2018 Notes.
The Company’s headquarters are located in
Statements contained in this press release regarding the proposed
transactions and other events are forward-looking statements that
involve risk and uncertainties. Actual future events or results may
differ materially from these statements. Readers are referred to the
documents filed by
Community Health Systems, Inc.
W. Larry Cash, 615-465-7000
President of Financial Services and Chief Financial Officer
Ross W. Comeaux, 615-465-7012
Senior Director – Investor Relations
Tomi Galin, 615-628-6607
Senior Vice President, Corporate Communications, Marketing and Public Affairs