March 17 2022 – Tenet Healthcare Corporation (NYSE: THC) today announced that it has entered into an amendment to its existing senior secured revolving credit facility. The amendment has an effective date of March 16, 2022 and amends certain provisions under the credit agreement to, among other things, (i) provide for aggregate revolving commitments not to exceed $1.5 billion, subject to borrowing availability, (ii) extend the maturity date to March 16, 2027 and (iii) replace LIBOR with Term SOFR and Daily Simple SOFR as the reference interest rate. The credit facility is guaranteed by certain of Tenet’s subsidiaries and secured by a first-priority lien on the accounts receivable and inventory owned by Tenet and its subsidiary guarantors.
About Tenet Healthcare
Tenet Healthcare Corporation (NYSE: THC) is a diversified healthcare services company headquartered in Dallas. Through an expansive care network that includes United Surgical Partners International, we operate 60 hospitals and operate or have an ownership interest in approximately 550 other healthcare facilities, including surgical hospitals, ambulatory surgery centers, imaging centers and other care sites and clinics. We also operate Conifer Health Solutions, which provides revenue cycle management and value-based care services to hospitals, health systems, physician practices, employers and other clients. Across the Tenet enterprise, we are united by our mission to deliver quality, compassionate care in the communities we serve. For more information, please visit www.tenethealth.com.
