Nashville, Tenn.-based Hospital Corporation of America will offer $1 billion in senior notes to help fund a special cash dividend.
HCA will pay a dividend of $2 per share to stockholders and certain optionholders on or prior to Dec. 31.
HCA officials did not specify the actual terms of the notes nor the interest rate, which will depend on market conditions at the time of pricing.
In the most recent quarter, HCA posted net income of $360 million, while revenue topped $8 billion.
HCA will pay a dividend of $2 per share to stockholders and certain optionholders on or prior to Dec. 31.
HCA officials did not specify the actual terms of the notes nor the interest rate, which will depend on market conditions at the time of pricing.
In the most recent quarter, HCA posted net income of $360 million, while revenue topped $8 billion.
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