UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01. | Other Events. |
On May 4, 2021, Community Health Systems, Inc. (the “Company”) announced the offering of $1,440 million aggregate principal amount of Junior-Priority Secured Notes due 2030 to be issued by its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”). A copy of the press release making this announcement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
In addition, on May 4, 2021, the Issuer delivered to the trustee for delivery to holders of its 8.125% Junior-Priority Secured Notes due 2024 (the “2024 Notes”) a notice of conditional redemption to redeem on May 19, 2021 (the “Redemption Date”) all of the 2024 Notes that remain outstanding at a redemption price equal to 100% of the principal amount thereof plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date, plus a “make-whole” premium as described in the indenture governing the 2024 Notes. The redemption of the 2024 Notes is conditioned upon the Issuer having completed, after May 4, 2021 and on or prior to the Redemption Date, a debt financing on terms and conditions satisfactory to the Issuer yielding gross proceeds of at least $1,440 million.
| 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 May 4, 2021 | |
| 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: May 4, 2021 | COMMUNITY HEALTH SYSTEMS, INC. | |||||
| (Registrant) | ||||||
| By: | /s/ Kevin J. Hammons | |||||
| Kevin J. Hammons | ||||||
| President and Chief Financial Officer (principal financial officer) | ||||||