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Community Health Systems, Inc. Announces Expiration and Final Tender Results of Previously Announced Tender Offer for 5.625% Senior Secured Notes Due 2027
Community Health Systems, Inc. (the “Company”) (NYSE: CYH) announced today the expiration and final tender results of the previously announced cash tender offer (the “Tender Offer”) by its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), to purchase for cash any and all of the Issuer’s outstanding 5.625% Senior Secured Notes due 2027 (the “Notes”), on the terms and subject to the conditions set forth in the Offer to Purchase, dated July 28, 2025, as amended (the “Offer to Purchase”). As previously announced, as of 5:00 p.m., New York City time, on August 8, 2025 (the “Early Tender Deadline”), $1,735,362,000 aggregate principal amount, or approximately 98.77%, of the Notes were validly tendered and not validly withdrawn, for which payment was previously made on August 12, 2025. According to Global Bondholder Services Corporation, the depositary and information agent for the Tender Offer, subsequent to the Early Tender Deadline but at or prior to 5:00 p.m., New York City time, on August 25, 2025 (the “Expiration Time”), an additional $7,889,000 aggregate principal amount of the outstanding Notes were validly tendered and not validly withdrawn. All of the Notes validly tendered and not validly withdrawn by the Expiration Time were accepted for purchase by the Issuer.
The table below identifies the aggregate principal amount of Notes validly tendered and not validly withdrawn as of the Expiration Time and accepted for purchase by the Issuer, and the aggregate principal amount of Notes that will remain outstanding on the Final Settlement Date (as defined below).
CUSIP / ISIN No.(1) |
Title of Security |
Aggregate
|
Additional Principal
|
Aggregate
|
144A: 12543D BG4 / US12543DBG43 Reg S: U17127 AR9 / USU17127AR95 |
5.625% Senior Secured Notes due 2027 |
$21,638,000 |
$7,889,000 |
$13,749,000 |
____________________ | ||
(1) |
CUSIP/ISIN information is provided for the convenience of holders of Notes. No representation is made as to the correctness or accuracy of such numbers. |
|
(2) | Aggregate principal amount outstanding as of August 12, 2025. |
The settlement date for Notes accepted for purchase subsequent to the Early Tender Deadline, but at or prior to the Expiration Time is expected to occur on August 27, 2025 (the “Final Settlement Date”). The Tender Offer expired at 5:00 p.m., New York City time, on August 25, 2025 and has not been extended.
The Tender Offer was subject to the satisfaction or waiver of certain conditions as described in the Offer to Purchase. The complete terms and conditions of the Tender Offer are set forth in the Offer to Purchase.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250826310050/en/
Contacts
Investor Contacts:
Kevin J. Hammons, 615-465-7000
President and Chief Financial Officer
or
Anton Hie, 615-465-7012
Vice President – Investor Relations
Media Contact:
Tomi Galin, 615-628-6607
Executive Vice President, Corporate
Communications, Marketing and Public Affairs
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