Tenet calls for partial redemption of 4.625% senior secured first lien notes due 2024

Dallas--(business wire)--tenet healthcare corporation (nyse: thc) today called for the redemption of $1.100 billion of the $1.870 billion aggregate principal amount of its outstanding 4.625% senior secured first lien notes due july 15, 2024 (the “notes”). as a result, tenet expects to lower its future annual cash interest payments by approximately $50 million. this retirement of debt will be funded with approximately $1.100 billion of proceeds from the recent sale of the company's five hospital
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