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Community Health Systems Launches Credit Facility Financing for Acquisition of HMA

Related CYH
Stocks Hitting 52-Week Lows
UPDATE: Credit Suisse Reinstates Coverage on Community Health Systems as HMA Transaction is Now Closed

Community Health Systems (NYSE: CYH) today
announced that it and its wholly-owned subsidiary CHS/Community Health
Systems, Inc. are launching a credit facility financing in connection
with the previously announced acquisition of Health Management
Associates (NYSE: HMA). The new credit facility financing
includes a new Revolving Credit Facility of $1.0 billion which will
replace the Company's existing revolving credit facility and mature in
2019, a new Term Loan A Facility of $1.0 billion which will replace the
Company's existing Term Loan A Facility and mature in 2019, an extension
of the maturity of certain existing extended term loans maturing in 2017
to 2021, and a new $2.26 billion Term Loan D Facility that will mature
in 2021. Proceeds

See full press release

Posted-In: News Guidance Financing Contracts Management M&A Global

 

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