Community Health Systems, Inc. Announces Early Tender Offer Results for Its 5.125% Senior Secured Notes Due 2018
05/16/16
As of the previously announced early tender deadline of
Because the tender offer is oversubscribed, the Issuer has accepted for purchase tendered 2018 Notes on a prorated basis in the manner described in the Offer to Purchase.
The following table sets forth the outstanding principal amount of the 2018 Notes, the principal amount that has been validly tendered and not withdrawn as of the Early Tender Deadline, the principal amount accepted for purchase and the approximate proration factor:
Title of Security |
CUSIP and ISIN |
Principal |
Tender Cap |
Aggregate |
Aggregate |
Approximate |
||||||||||||||||||||||||||
5.125% Senior |
12543D AR1 |
$1,600,000,000 | $900,000,000 | $1,128,289,000 | $900,000,000 | 79.9% | ||||||||||||||||||||||||||
Payment for 2018 Notes accepted for purchase is expected to be made
today,
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.
About
The Company’s headquarters are located in
Forward-Looking Statements
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
View source version on businesswire.com: http://www.businesswire.com/news/home/20160516006564/en/
Source:
Community Health Systems, Inc.
Investor Contact:
W.
Larry Cash, 615-465-7000
President of Financial Services and Chief
Financial Officer
or
Media Contact:
Tomi Galin,
615-628-6607
Senior Vice President, Corporate Communications,
Marketing and Public Affairs