Community Health Systems Announces Pricing of Senior Secured Notes Due 2024
Community Health Systems, Inc. (the “Company”) (NYSE: CYH) today announced that its wholly owned subsidiary, CHS/Community
Health Systems, Inc. (the “Issuer”), has priced an offering of approximately $1.033 billion aggregate principal amount of its
8.625% Senior Secured Notes due 2024 (the “New Notes”). The size of the offering was increased by approximately $6 million
aggregate principal amount subsequent to the initial announcement of the offering.
The sale of the New Notes is expected to be consummated on or about July 6, 2018, subject to customary closing conditions. The
Issuer intends to use the net proceeds of the offering to repay $1.013 billion aggregate principal amount of term loans outstanding
under its Term G Facility and to pay related fees and expenses.
The New Notes are being offered in the United States to qualified institutional buyers pursuant to Rule 144A under the
Securities Act of 1933, as amended (the “Securities Act”), and outside the United States pursuant to Regulation S under the
Securities Act. The New Notes have not been registered under the Securities Act and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration requirements.
This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall there be any
offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any offers of the New
Notes will be made only by means of a private offering memorandum. This notice is being issued pursuant to and in accordance with
Rule 135(c) under the Securities Act.
Forward-Looking Statements
This press release may include information that could constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements involve risk and uncertainties. The Company undertakes no obligation to
revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new
information, future events or otherwise, except as otherwise required by law.
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Community Health Systems, Inc.
Thomas J. Aaron, 615-465-7000
Executive Vice President and Chief Financial Officer
or
Ross W. Comeaux, 615-465-7012
Vice President – Investor Relations
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