Full Press Release Details
COMMUNITY HEALTH SYSTEMS, INC. ANNOUNCES PRICING
OF SENIOR SECURED NOTES DUE 2031
FRANKLIN, Tenn. (January 26, 2021) 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 $1.095 billion aggregate principal amount of its 4.750% Senior Secured Notes due 2031 (the Notes ) (the Notes
Offering ). The sale of the Notes is expected to be consummated on or about February 9, 2021, subject to customary closing conditions.
intends to use the net proceeds of the Notes Offering, together with cash on hand, to redeem all of its outstanding 8.625% Senior Secured Notes due 2024 (the 2024 Notes ) and to pay related fees and expenses.
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.
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.