Tenet Announces Extension of Cash Tender Offer for 7.375% Senior Notes due 2013
Tenet Healthcare Corporation (NYSE: THC) announced today that it has exercised its option to extend its previously announced cash tender offer to purchase any and all of the $216.361 million aggregate principal amount outstanding of its 7.375% Senior Notes due 2013 until 12:00 midnight, New York City time, on October 31, 2012. The tender offer was previously scheduled to expire at 12:00 midnight, New York City time, on October 29, 2012. Final settlement is expected to occur promptly after expiration of the tender offer.
As previously announced, Tenet received tenders from the holders of approximately $160.791 million aggregate principal amount of the outstanding notes prior to the early tender time of 5:00 p.m., New York City time, on October 15, 2012. Holders of the notes tendered after the early tender time will receive consideration of $989.67 per $1,000 principal amount of notes tendered, plus accrued and unpaid interest up to, but not including, the final settlement date of November 1, 2012. The terms of the tender offer are contained in an offer to purchase and a related letter of transmittal, each dated as of October 1, 2012.
This news release is neither an offer to purchase nor a solicitation of an offer to sell any notes. The tender offer is being made pursuant to the offer to purchase and related letter of transmittal, copies of which have been delivered to all holders of the 7.375% Senior Notes due 2013. Persons with questions regarding the tender offer should contact the dealer managers — Barclays Capital Inc. at (800) 438-3242 (toll free) or (212) 528-7581 (collect), BofA Merrill Lynch at (888) 292-0070 (toll free) or (980) 387-3907 (collect), Citigroup at (800) 558-3745 (toll free) or Wells Fargo Securities at (866) 309-6316 (toll free) or (704) 715-8341 (collect) — or the Information Agent, Global Bondholder Services Corporation, at (866) 540-1500 (toll free) or (212) 430-3774 (collect).
Tenet Healthcare Corporation, a leading health care services company, through its subsidiaries operates 49 hospitals, over 100 free-standing outpatient centers and Conifer Health Solutions, a leader in business process solutions for health care providers serving nearly 400 hospital and health care entities nationwide. Tenet's hospitals and related health care facilities are committed to providing high quality care to patients in the communities they serve.
Some of the statements in this release may constitute forward-looking statements. Such statements are based on our current expectations and could be affected by numerous factors and are subject to various risks and uncertainties discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended Dec. 31, 2011, our quarterly reports on Form 10-Q and periodic reports on Form 8-K. Do not rely on any forward-looking statement, as we cannot predict or control many of the factors that ultimately may affect our ability to achieve the results estimated. We make no promise to update any forward-looking statement, whether as a result of changes in underlying factors, new information, future events or otherwise.