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Form 8-K · Current Report · Filed 2024-02-16

Tenet Healthcare Calls for Full Redemption of 2026 Notes

On February 16, 2024, Tenet Healthcare Corporation announced the redemption of all $2,100 million of its 4.875% Senior Secured First Lien Notes due 2026 on March 5, 2024.

Filer
Tenet Healthcare Corporation THC · NYSE
Filed
Accession
0000070318-24-000017
CIK
0000070318
Signal
Low impactHealthcare

Details

The redemption will be made at 100% of the principal amount plus accrued interest up to, but not including, the redemption date. This announcement was made pursuant to Item 7.01 of Form 8-K and includes a press release as Exhibit 99.1.

Items reported

Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$89.90

Next session

+1.4%

Since filing

+183.4%

Latest close

$254.78

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from THC reporting the same item, with the next session's move:

Exhibits (1)

About Tenet Healthcare Corporation

Tenet Healthcare Corporation is a diversified healthcare services company that operates a network of hospitals and other health-related facilities. Its primary purpose is to deliver high-quality, affordable healthcare services to communities across the United States. Tenet manages a robust network of acute care and specialty hospitals, outpatient centers, and primary care facilities. This corporation also provides a range of services including clinical services, diagnostics, and surgical procedures, significantly impacting the healthcare delivery system. Tenet Healthcare Corporation plays a vital role in the healthcare market by addressing critical medical needs and optimizing patient outcomes through its dedicated facilities. It supports various sectors such as emergency care, orthopedics, cardiovascular health, and women’s health. Additionally, through its subsidiary, Conifer Health Solutions, Tenet offers value-based care and revenue cycle management services, enhancing operational efficiency and financial performance in the healthcare industry. Founded in 1967 and headquartered in Dallas, Texas, Tenet Healthcare Corporation is a significant entity in the U.S. healthcare sector, continually striving to adapt and evolve within a dynamic and regulatory-driven environment, ensuring better healthcare access and value for patients and clients alike.

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