UNIVERSAL HEALTH SERVICES, INC. ANNOUNCES OFFERING OF SENIOR SECURED NOTES

Universal Health Services (NYSE: UHS) has announced its intention to offer senior secured notes, subject to market conditions.

Rhea-AI Summary

Universal Health Services (NYSE: UHS) has announced its intention to offer senior secured notes, subject to market conditions. The exact terms, including maturity, interest rate, and principal amount, will be determined at pricing. The net proceeds from this offering will be used to repay certain amounts outstanding under the company's current tranche A term loan facility.

The offering is being made through an effective shelf registration statement filed with the SEC. Interested parties can obtain the preliminary prospectus supplement and accompanying prospectus from various financial institutions, including J.P. Morgan Securities, BofA Securities, Truist Securities, U.S. Bancorp Investments, and Wells Fargo Securities.

Positive

• Potential to refinance existing debt with new senior secured notes
• Utilization of effective shelf registration statement for efficient offering process

Negative

• Potential increase in debt obligations depending on the terms of the new notes
• Subject to market conditions, which may affect the offering's success or terms

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KING OF PRUSSIA, Pa., Sept. 16, 2024 /PRNewswire/ -- Universal Health Services, Inc. (NYSE: UHS) announced today that it proposes to offer senior secured notes, subject to market conditions and other considerations. Actual terms of the senior secured notes, including maturity, interest rate and principal amount, will depend on market conditions at the time of pricing.  The Company intends to use the net proceeds of the offering to repay certain amounts outstanding under the Company's current tranche A term loan facility.

The offering of the senior secured notes is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. The offering is being made only by means of a preliminary prospectus supplement and the accompanying prospectus, copies of which may be obtained by contacting J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attn: Investment Grade Syndicate Desk, by telephone: 1-212-834-4533, BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255, Attn: Prospectus Department, by telephone: 1-800-294-1322 or by email:  dg.prospectus_requests@bofa.com, Truist Securities, Inc., 303 Peachtree Street, Atlanta, GA 30308, Attn: Prospectus Department, by telephone: 800-685-4786 or by email: TSIdocs@Truist.com, U.S. Bancorp Investments, Inc. by telephone: 877-558-2607, or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attn: WFS Customer Service, by telephone: 1-800-645-3751 or by email:  wfscustomerservice@wellsfargo.com.

You may also visit www.sec.gov to obtain an electronic copy of the related preliminary prospectus supplement and the accompanying prospectus.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Certain statements in this release may constitute forward-looking statements and are subject to various risks and uncertainties as discussed in the Company's filings with the Securities and Exchange Commission. The Company is not obligated to update these forward-looking statements even if the Company's assessment of these risks and uncertainties changes.

Universal Health Services, Inc. ("UHS") is one of the nation's largest providers of hospital and healthcare services. Through its subsidiaries, UHS operates acute care hospitals, behavioral health facilities, outpatient facilities and ambulatory care access points located throughout the United States, Puerto Rico and the United Kingdom.        

View original content:https://www.prnewswire.com/news-releases/universal-health-services-inc-announces-offering-of-senior-secured-notes-302249235.html

SOURCE Universal Health Services, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the purpose of Universal Health Services' (UHS) senior secured notes offering?

Universal Health Services (UHS) intends to use the net proceeds from the senior secured notes offering to repay certain amounts outstanding under the company's current tranche A term loan facility.

How will the terms of UHS's senior secured notes be determined?

The actual terms of UHS's senior secured notes, including maturity, interest rate, and principal amount, will depend on market conditions at the time of pricing.

Where can investors find information about UHS's senior secured notes offering?

Investors can obtain the preliminary prospectus supplement and accompanying prospectus from financial institutions like J.P. Morgan Securities, BofA Securities, Truist Securities, U.S. Bancorp Investments, Wells Fargo Securities, or by visiting www.sec.gov.

Is Universal Health Services' (UHS) senior secured notes offering registered with the SEC?

Yes, the offering of UHS's senior secured notes is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (SEC).