Universal Health Services today announced an offering of senior secured notes in two tranches due September 2026 and January 2032. The company intends to use the net proceeds of the offering to redeem all of the outstanding $400 million aggregate principal amount of its 5% Senior Secured Notes due 2026 by Sept. 13, to pay accrued and unpaid interest on the Existing 2026 Notes, to repay certain indebtedness under its senior credit facility, to pay transaction expenses and for general corporate purposes. Read more.
Universal Health Services, Announces Offering of Senior Secured Notes
