Nashville-based Vanguard Health Systems has announced plans to issue $350 million in 7.75 percent senior notes due 2019.
The hospital operator plans to use the proceeds from the offering for general corporate purposes, which may include, but are not limited to: working capital, capital expenditures, acquisitions, the repayment of any outstanding indebtedness under Vanguard's existing revolving credit facility and to pay the fees and expenses incurred in connection with the offering.
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The hospital operator plans to use the proceeds from the offering for general corporate purposes, which may include, but are not limited to: working capital, capital expenditures, acquisitions, the repayment of any outstanding indebtedness under Vanguard's existing revolving credit facility and to pay the fees and expenses incurred in connection with the offering.
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