New Issue-Tenet Healthcare sells $925 mln in notes
June 1 (Reuters) - Hospital operator Tenet Healthcare Corp (THC.N: Quote, Profile, Research) on Monday sold $925 million of 10-year senior secured notes in the 144a private placement market, said IFR, a Thomson Reuters service.
The size of the deal was increased from an originally planned $450 million.
Bank of America, Goldman Sachs, and Citigroup were the joint bookrunning managers for the sale. BORROWER: TENET HEALTHCARE INC AMT $925 MLN COUPON 8.875 PCT MATURITY 7/1/2019 TYPE SR SECD NTS ISS PRICE 95.229 FIRST PAY 1/1/2010 MOODY'S B1 YIELD 9.625 PCT SETTLEMENT 6/15/2009 S&P BB-MINUS SPREAD 594 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 5 YEARS* *MAKE-WHOLE CALL 50 BPS 35 PCT EQUITY CLAW AT 108.875 UNTIL 7/1/2012
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