Community Health Systems, Inc. announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc., has commenced a cash tender offer for up to $1,470 million of its outstanding 5.625% Senior Secured Notes due 2027. The total aggregate principal amount outstanding for these notes is approximately $1,757 million.
The tender offer provides for an Early Tender Deadline of August 8, 2025, and an Expiration Time of August 25, 2025. Holders who tender their notes by the Early Tender Deadline are eligible to receive an Early Tender Consideration, which includes a $30 early tender payment per $1,000 principal amount.
The Issuer's obligation to accept notes for purchase is contingent upon the completion of a debt financing yielding gross cash proceeds of $1,500,000,000 or more. This initiative is a key component of Community Health Systems' strategy to proactively manage its debt profile and extend maturities.
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