Franklin, Tenn.-based Community Health Systems may attempt to restructure a $4.5 billion term loan in which $2 billion of the loan would be extended from July 2014 to Jan. 2017, according to a Bloomberg report.
Although figures have not yet been confirmed, the interest on the extended debt would be 3.5 percent higher than the initial rate.
CHS, which has 133 hospitals within its system, completed a cash tender offer of $1 billion in senior notes in December.
Although figures have not yet been confirmed, the interest on the extended debt would be 3.5 percent higher than the initial rate.
CHS, which has 133 hospitals within its system, completed a cash tender offer of $1 billion in senior notes in December.
Related Articles on Community Health Systems:
CHS Terminates Acquisition of New Mexico Hospital Due to Lengthy FTC Review
Fitch: For-Profit Hospitals to Experience Weak Operating Trends in 2012
CHS Finalizes Acquisition of Moses Taylor Health in Pennsylvania