Tenet Healthcare Corp., Dallas, has completed its sale of $900 million in new notes (PDF), according to a news release.
Tenet sells $900 million in new notes
The notes are due in 2018 and carry an interest rate of 6.25%. Tenet announced the offering earlier this month, initially proposing to sell $750 million in new notes but later expanding the offering to $900 million.
Most of the proceeds of the offering will go toward paying off Tenet's 9% notes due in 2015. The company also announced that investors holding $713 million of the $714 million in 2015 notes outstanding have agreed to Tenet's tender offering to repurchase the notes.
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