Community Health Systems Launches Credit Facility Financing for Acquisition of HMA

Community Health Systems 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 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