Tenet Healthcare Corp., Dallas, said that it has completed its offering of $600 million in new notes due in 2020 with an interest rate of 8%.
The proceeds will be used toward a tender offer that Tenet made to repurchase $800 million in bonds due in 2013 with an interest rate of 7.375%. Tenet also said that investors holding $781.5 million of the bonds responded to the tender offer by the first deadline of Aug. 16. The offer expires Aug. 30.
Tenet used a note exchange and a tender offer last year to extend its maturities on about $2.3 billion in bonds due in 2011, 2012 or 2014.
