HCA Announces Proposed Public Offering of Senior Notes
HCA Healthcare (NYSE: HCA) announced that its subsidiary, HCA Inc., plans to offer senior notes, with terms including maturity, interest rate, and principal amount to be determined based on market conditions. The net proceeds will be used for general corporate purposes, potentially including repayment of existing or future senior credit facilities.
The offering is being conducted through major financial institutions including BofA Securities, Barclays Capital, Citigroup Global Markets, J.P. Morgan Securities, Mizuho Securities USA, and Wells Fargo Securities as joint book-running managers. The offering is being made through an effective shelf registration statement filed with the SEC, available via prospectus from the managing institutions.
HCA Healthcare (NYSE: HCA) ha annunciato che la sua filiale, HCA Inc., prevede di offrire note senior, con termini che includono scadenza, tasso d'interesse e importo principale che saranno determinati in base alle condizioni di mercato. I proventi netti saranno utilizzati per scopi aziendali generali, potenzialmente per il rimborso di strutture di credito senior esistenti o future.
L'offerta è condotta attraverso importanti istituzioni finanziarie tra cui BofA Securities, Barclays Capital, Citigroup Global Markets, J.P. Morgan Securities, Mizuho Securities USA e Wells Fargo Securities in qualità di gestori congiunti. L'offerta è effettuata tramite una dichiarazione di registrazione a scaffale efficace depositata presso la SEC, disponibile tramite prospetto dalle istituzioni gestionali.
HCA Healthcare (NYSE: HCA) anunció que su subsidiaria, HCA Inc., planea ofrecer notas senior, con términos que incluyen vencimiento, tasa de interés y monto principal que se determinarán según las condiciones del mercado. Los ingresos netos se utilizarán para fines corporativos generales, potencialmente incluyendo el reembolso de líneas de crédito senior existentes o futuras.
La oferta se lleva a cabo a través de importantes instituciones financieras incluyendo BofA Securities, Barclays Capital, Citigroup Global Markets, J.P. Morgan Securities, Mizuho Securities USA y Wells Fargo Securities como gerentes conjuntos de libros. La oferta se realiza a través de una declaración de registro en estante efectiva presentada ante la SEC, disponible mediante prospecto de las instituciones gestoras.
HCA Healthcare (NYSE: HCA)는 자회사인 HCA Inc.가 만기, 이자율 및 원금이 시장 상황에 따라 결정되는 선순위 노트를 제공할 계획이라고 발표했습니다. 순수익은 일반 기업 목적에 사용되며, 기존 또는 미래의 선순위 신용 시설 상환을 포함할 수 있습니다.
이번 제공은 BofA Securities, Barclays Capital, Citigroup Global Markets, J.P. Morgan Securities, Mizuho Securities USA 및 Wells Fargo Securities와 같은 주요 금융 기관을 통해 공동 북런닝 매니저로 진행됩니다. 이 제공은 SEC에 제출된 효과적인 선반 등록 성명을 통해 이루어지며, 관리 기관에서 제공하는 설명서를 통해 확인할 수 있습니다.
HCA Healthcare (NYSE: HCA) a annoncé que sa filiale, HCA Inc., prévoit d'offrir des obligations senior, avec des termes tels que la maturité, le taux d'intérêt et le montant principal qui seront déterminés en fonction des conditions du marché. Les produits nets seront utilisés à des fins corporatives générales, y compris potentiellement le remboursement de facilités de crédit senior existantes ou futures.
L'offre est réalisée par le biais de grandes institutions financières, notamment BofA Securities, Barclays Capital, Citigroup Global Markets, J.P. Morgan Securities, Mizuho Securities USA et Wells Fargo Securities en tant que gestionnaires conjoints. L'offre est faite par le biais d'une déclaration d'enregistrement de type étagère efficace déposée auprès de la SEC, disponible via le prospectus des institutions gestionnaires.
HCA Healthcare (NYSE: HCA) gab bekannt, dass ihre Tochtergesellschaft, HCA Inc., plant, Senior Notes anzubieten, wobei Bedingungen wie Fälligkeit, Zinssatz und Hauptbetrag basierend auf den Marktbedingungen festgelegt werden. Die Nettomittel werden für allgemeine Unternehmenszwecke verwendet, möglicherweise einschließlich der Rückzahlung bestehender oder zukünftiger Senior-Kreditfazilitäten.
Das Angebot erfolgt über große Finanzinstitute, darunter BofA Securities, Barclays Capital, Citigroup Global Markets, J.P. Morgan Securities, Mizuho Securities USA und Wells Fargo Securities als gemeinsame Buchführungsmanager. Das Angebot wird durch eine effektive Shelf-Registrierungserklärung durchgeführt, die bei der SEC eingereicht wurde und über den Prospekt der verwaltenden Institutionen verfügbar ist.
- Potential debt refinancing opportunity through senior notes offering
- Strong backing from major financial institutions as joint book-running managers
- Effective shelf registration statement already in place with SEC
- Potential increase in debt obligations
- Terms of notes (interest rate, maturity) not yet determined, subject to market conditions
Insights
This senior notes offering represents a strategic move in HCA Healthcare's liability management, particularly noteworthy given the current interest rate environment. The timing suggests a proactive approach to potentially refinancing existing debt facilities, which could optimize the company's debt structure and potentially reduce interest expenses.
The impressive syndicate of six major investment banks - including BofA Securities, JPMorgan, and Citigroup - indicates strong institutional support and suggests robust market appetite for HCA's debt. This broad underwriting group typically signals a substantial offering size and could facilitate wider distribution among institutional investors.
The flexibility in the use of proceeds for general corporate purposes provides HCA with enhanced financial maneuverability. While debt refinancing appears to be a primary consideration, this structure allows the company to optimize its capital allocation based on market conditions and strategic priorities.
From a credit perspective, HCA's position as the largest for-profit hospital operator in the U.S. typically commands favorable borrowing terms. The company's stable cash flow generation from its extensive healthcare facility network traditionally supports its debt service capabilities. This offering could potentially extend debt maturities and optimize the company's capital structure, though the actual impact will depend on the final terms and how the proceeds are ultimately deployed.
BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities
The offering of the senior 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 BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street,
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 does not constitute an offer to sell or a solicitation of an offer to buy the senior notes or any other security and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any persons to whom, such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
FORWARD-LOOKING STATEMENTS
Information provided and statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements only speak as of the date of this press release and HCA assumes no obligation to update the information included in this press release. Such forward-looking statements include the expected use of proceeds from the offering. These statements often include words such as “may,” “believe,” “will,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “initiative” or “continue.” These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about HCA’s industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond HCA’s control. Accordingly, readers are cautioned that any such forward-looking statements are not guarantees of future performance or occurrence of events and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Although HCA believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. More information about potential risks and uncertainties that could affect the Company’s business and results of operations is included in the “Risk Factors” and “Forward-Looking Statements” sections in the Annual Report on Form 10-K filed by the Company with the SEC on February 14, 2025 and our other filings with the Securities and Exchange Commission. Unless otherwise required by law, HCA also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made in this press release.
All references to the “Company” and “HCA” as used throughout this press release refer to HCA Healthcare, Inc. and its affiliates.
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INVESTOR CONTACT:
Frank Morgan
615-344-2688
MEDIA CONTACT:
Harlow Sumerford
615-344-1851
Source: HCA Healthcare
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