Full Press Release Details
COMMUNITY HEALTH SYSTEMS, INC. ANNOUNCES
PRICING OF SENIOR SECURED NOTES DUE 2030
FRANKLIN, Tenn. (January 20, 2022) Community Health Systems, Inc. (the Company ) (NYSE: CYH) today announced that its wholly owned
subsidiary, CHS/Community Health Systems, Inc. (the Issuer ), has priced an offering of $1,535.0 million aggregate principal amount of its 5.250% Senior Secured Notes due 2030 (the Notes ) (the Notes
Offering ). The sale of the Notes is expected to be consummated on or about February 4, 2022, subject to customary closing conditions.
Issuer intends to use the net proceeds of the Notes Offering to redeem all of its outstanding 6.625% Senior Secured Notes due 2025 (the 2025 Notes ) and to pay related fees and expenses. This press release shall not constitute a notice of
redemption for the 2025 Notes.
The Notes are being offered in the United States to persons reasonably believed to be qualified institutional buyers
pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act ), and outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act and may
not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
This press release is
neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any offers of the Notes will be made
only by means of a private offering memorandum. This notice is being issued pursuant to and in accordance with Rule 135(c) under the Securities Act.
Forward-Looking Statements
This press release may include
information that could constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risk and uncertainties. The Company undertakes no obligation to revise or update any
forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.