Dallas-based Tenet Healthcare is looking to sell $750 million of senior secured second lien notes.
The for-profit hospital operator will use about $500 million of the proceeds to pay down outstanding balances on its asset based lending facility. The loan was drawn in the fourth quarter of 2016 to fund litigation settlements, according to Fitch Ratings.
Tenet said the notes mature in 2022 and carry an interest rate of 7.5 percent.
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