HCA Healthcare subsidiary proposes senior notes offering

HCA Healthcare, Inc. (NYSE: HCA) announced that its wholly owned subsidiary HCA Inc. proposes to offer senior notes, subject to market and other considerations, according to a press release statement.

The actual terms of the senior notes, including maturity, interest rate and principal amount, will depend on market conditions at the time of pricing. HCA Inc. intends to use the net proceeds for general corporate purposes, which may include repayment of outstanding borrowings under its $4.0 billion commercial paper program and potential redemption of all or part of the $1.5 billion outstanding aggregate principal amount of its 5.875% senior notes due 2026.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Mizuho Securities USA LLC and Wells Fargo Securities, LLC are serving as joint book-running managers for the offering.

The offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. The company stated the offering is being made only by means of a preliminary prospectus supplement and accompanying prospectus.

The press release noted that the announcement does not constitute an offer to sell or solicitation of an offer to buy the senior notes or any other security, and shall not constitute an offer in any jurisdiction where such offer would be unlawful prior to registration or qualification under applicable securities laws.

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