Here are the 424B prospectus supplements from Universal Health Services, Inc. (UHS) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow UHS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UHS filings page.
Universal Health Services, Inc. (UHS) is issuing $600 million of 5.500% Senior Secured Notes due 2031 and $500 million of 6.000% Senior Secured Notes due 2036, at issue prices of 99.937% and 99.359%, respectively. Interest accrues from August 20, 2026 and is payable in cash on March 1 and September 1, with maturities on September 1, 2031 and September 1, 2036. The notes are secured by first‑priority liens on specified assets and guaranteed by subsidiaries that also guarantee UHS’s senior secured credit facility and other first‑lien or junior‑lien debt, ranking pari passu with existing secured notes and senior secured bank debt but structurally subordinated to obligations of non‑guarantor subsidiaries.
UHS expects net proceeds of about $1.086 billion, to be used to repay its $700 million 1.650% Senior Secured Notes due 2026 at maturity, repay $225 million outstanding under its revolving credit facility (which will then fund part of the Talkspace acquisition), and for general corporate purposes, with interim investment in short‑term interest‑bearing instruments. UHS is a large acute care and behavioral health operator with $17.36 billion of 2025 net revenues, leverage ratio of 1.73x and interest coverage of 17.76x as of the latest periods presented.
Universal Health Services, Inc. plans to issue new senior secured notes under an effective shelf registration. The notes will be first-lien, cash-pay instruments guaranteed by subsidiaries that also guarantee the senior secured credit facility and existing secured notes, and secured on a pari passu basis by substantially the same collateral. Proceeds are expected to be used to repay $700 million of 2026 senior secured notes at maturity, reduce $225 million drawn on the revolving credit facility and support the purchase price for Talkspace, with any remainder for general corporate purposes. UHS is a large acute care and behavioral health operator with $9.13 billion net revenues and $707.1 million net income attributable to UHS for the six months ended June 30 2026, total debt of $4.85 billion, total assets of $15.94 billion and a reported leverage ratio of 1.73x. The filing details extensive risks tied to leverage, collateral structure, subsidiary guarantees, change-of-control provisions, interest-rate exposure and potential releases of guarantees and liens if investment-grade conditions are met.