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FINWIRES

Tenet Healthcare to Sell $1.5 Billion of Senior Notes Due 2034

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Tenet Healthcare (THC) is planning a private offering of $1.5 billion in senior notes due 2034 to refinance the same amount of outstanding notes.

The completion of the offering remains subject to pricing and customary closing conditions, and proceeds will be used to redeem the company's 5.125% senior secured first lien notes due November 2027, Tenet said Tuesday in a statement.

The notes will be unsecured and rank equally with Tenet's existing senior unsecured obligations.

Price: $264.87, Change: $-0.19, Percent Change: -0.07%

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