UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM
CURRENT REPORT
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Item 8.01. | Other Events. |
On December 11, 2020, Community Health Systems, Inc. (the “Company”) announced that CHS/Community Health Systems, Inc., its wholly owned subsidiary (the “Issuer”), had priced an offering of $2.8 billion aggregate principal amount of the Issuer’s senior secured notes. The offering consisted of $1.9 billion aggregate principal amount of 5.625% senior secured notes due 2027 and $0.9 billion aggregate principal amount of 6.000% senior secured notes due 2029. The size of the offering was increased, across the two series of notes, by $1.75 billion aggregate principal amount subsequent to the initial announcement of the offering. A copy of the press release making this announcement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
In addition, in connection with the increase in size of the offering, on December 11, 2020, the Company announced that the Issuer has amended the terms of its previously announced cash tender offer for its 6.250% Senior Secured Notes due 2023 (the “2023 Notes”) to remove the $1.0 billion tender cap, increasing the maximum aggregate principal amount of 2023 Notes that are subject to purchase under the tender offer from $1.0 billion to any and all 2023 Notes outstanding and amend the financing condition to account for such removal of the tender cap. A copy of the press release making this announcement is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
The following exhibit is filed herewith:
99.1 | Press Release of Community Health Systems, Inc., dated December 11, 2020 | |
99.2 | Press Release of Community Health Systems, Inc., dated December 11, 2020 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 11, 2020 |
COMMUNITY HEALTH SYSTEMS, INC. (Registrant) | |||||
By: | /s/ Kevin J. Hammons | |||||
Kevin J. Hammons | ||||||
Executive Vice President and Chief Financial Officer (principal financial officer) |