Community Health Systems Announces Cash Tender Offer for $600 Million Bonds
Community Health Systems announced certain matters with respect to its cash tender offer previously announced on April 22, by its wholly owned subsidiary, CHS/Community Health Systems, to purchase for cash up to $600,000,000 aggregate purchase price of its outstanding 4.750% Senior Secured Notes due 2031 and its outstanding 10.875% Senior Secured Notes due 2032 subject to possible proration and other terms and conditions set forth in the Offer to Purchase. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Offer to Purchase dated April 22, 2026 with respect to the Tender Offer. As of the Early Tender Date for the Tender Offer, $994,822,000 aggregate principal amount of the 2031 Notes were validly tendered and not validly withdrawn, and $822,029,000 aggregate principal amount of the 2032 Notes were validly tendered and not validly withdrawn. Based upon the aggregate principal amount of 2031 Notes that were validly tendered and not validly withdrawn as of the Early Tender Date, the proration factor with respect to the 2031 Notes is approximately 37.07%. Based upon the aggregate principal amount of 2032 Notes that were validly tendered and not validly withdrawn as of the Early Tender Date, the proration factor with respect to the 2032 Notes is approximately 28.14%. As a result, $368,421,000 aggregate principal amount of the 2031 Notes that were validly tendered and not validly withdrawn at or before the Early Tender Date will be accepted for purchase by the Issuer on the Early Settlement Date, and $230,946,000 aggregate principal amount of the 2032 Notes that were validly tendered and not validly withdrawn at or before the Early Tender Date will be accepted for purchase by the Issuer on the Early Settlement Date.
