HCA Holdings HCA today announced that it intends, subject to
applicable legal and contractual restrictions, to declare and pay a special
cash dividend of $2.00 per share to stockholders and certain optionholders on
or prior to December 31, 2012. The dividend is expected to be funded through
the net proceeds from the Company's offering of $1.0 billion aggregate
principal amount of senior notes due 2021. HCA's ratio of debt-to-Adjusted
EBITDA at September 30, 2012 was approximately 4.1x compared to 4.5x at
December 31, 2011. The Company's ratio of debt-to-Adjusted EBITDA is estimated
to have been approximately 4.5x on September 30, 2012 adjusted for financing
transactions completed in the fourth quarter of 2012 and the anticipated
impact of the special dividend and incremental financing. There can be no
assurance that the special dividend will be declared and paid.
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