Community Health Systems has entered into an agreement that will extend the maturity date of $1.5 billion in credit through its CHS/Community Health Systems Inc. subsidiary, according to a CHS news release.
The deal will extend the maturity date of the $1.5 billion from July 25, 2014 to Jan. 25, 2017. The maturity date of the balance of the company's term loans — approximately $4.5 billion — remains unchanged.
Shares of CHS rose 46 cents yesterday afternoon following the announcement, according to a report by Bloomberg Businessweek.
Read more coverage on CHS:
- Community Health Systems Completes Acquisition of West Virginia's Bluefield Regional
- CHS Submits Bid for Ohio's Forum Health
- CHS Rejoins Negotiations for North Carolina's Beaufort Regional Health System
The deal will extend the maturity date of the $1.5 billion from July 25, 2014 to Jan. 25, 2017. The maturity date of the balance of the company's term loans — approximately $4.5 billion — remains unchanged.
Shares of CHS rose 46 cents yesterday afternoon following the announcement, according to a report by Bloomberg Businessweek.
Read more coverage on CHS:
- Community Health Systems Completes Acquisition of West Virginia's Bluefield Regional
- CHS Submits Bid for Ohio's Forum Health
- CHS Rejoins Negotiations for North Carolina's Beaufort Regional Health System