HCA Proposes To Offer $1.5 Bln Of Senior Secured Notes - Quick Facts

(RTTNews) - HCA Holdings Inc. (HCA) announced that its wholly owned subsidiary, HCA Inc., proposes to offer $1.5 billion aggregate principal amount of senior secured notes. Actual terms of the notes, including interest rate and principal amount, will depend on market conditions at the time of pricing.

HCA Inc. intends to use the net proceeds of this offering to redeem and repurchase all of the $1.4 billion aggregate principal amount outstanding of 7 1/4% senior secured notes due 2020, to pay related fees and expenses and for general corporate purposes.

BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan, Morgan Stanley, RBC Capital Markets, SunTrust Robinson Humphrey, UBS Investment Bank and Wells Fargo Securities are acting as the joint book-running managers for the offering.