Community Health Systems Announces Proposed Exchange Offer and Consent Solicitation
Business Wire•09/11/2026•19:00 ET
4
Key Highlights
- ➤CYH proposes exchanging $1,244 million of 6.875% 2029 notes for 10.250% 2035 notes
- ➤Early tenders receive $1,000 new notes per $1,000 old notes, including $30 premium
- ➤Late tenders receive $970 new notes per $1,000 old notes
- ➤Supporting holders commit approximately $643.7 million, or 52%, of outstanding Old Notes
- ➤New Notes mature January 15, 2035, with 10.250% annual interest
Expert Statements
Kevin J. Hammons, Chief Executive Officer of Community Health Systems
“Kevin J. Hammons”
Community Health Systems Announces Proposed Exchange Offer and Consent Solicitation
Community Health Systems, Inc. (the “Company”) (NYSE:CYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), intends to commence a private offer to exchange (the “Exchange Offer”) any and all of its approximately $1,244 million aggregate principal amount of outstanding 6.875% Junior-Priority Secured Notes due 2029 (the “Old Notes”) for new 10.250% Senior Secured Notes due 2035 (the “New Notes”).
Get started
Create a free account to read the full story.