Cahill Gordon & Reindel LLP

06/14/2017 | News release | Distributed by Public on 06/19/2017 17:54

Legal News: Cahill Represents Initial Purchasers in $3.78 billion Bond Offering Across Four Tranches by Tenet Healthcare and THC Escrow Corporation III

Date: 06/14/17

Cahill represented Barclays Capital Inc. and the other initial purchasers in connection with the 144A offering of $830,000,000 aggregate principal amount of 4.625% Senior Secured First Lien Notes due 2024, $500,000,000 aggregate principal amount of 7.00% Senior Notes due 2025, $1,410,000,000 aggregate principal amount of 5.125% Senior Secured Second Lien Notes due 2025 and $1,040,000,000 aggregate principal amount of 4.625% Senior Secured First Lien Notes due 2024 by Tenet Healthcare Corporation and THC Escrow Corporation III. Proceeds from the offering are expected to be applied to refinance existing indebtedness.