HCA Inc., wholly owned subsidiary of HCA Healthcare, Inc., commenced a proposed public offering of senior unsecured notes to refinance $2.5 billion of 2026 notes due for redemption on May 27, 2026.
Key takeaways
HCA Inc. announced proposed public offering of senior unsecured notes with terms subject to market conditions.
Issuer provided notice to redeem all $1.500 billion 5.250% senior notes due June 2026.
Issuer provided notice to redeem all $1.000 billion 5.375% senior notes due September 2026.
Redemption of $2.500 billion total Redeemed Notes scheduled for May 27, 2026, conditioned on receiving net proceeds from the Offering.
Net proceeds intended for general corporate purposes including repayment of $4.000 billion commercial paper program and redemption of 2026 notes.
Joint book-runners: Citigroup Global Markets Inc., Barclays Capital Inc., BofA Securities, Inc., J.P. Morgan Securities LLC.