KING OF PRUSSIA, Pa.,
May 19, 2016 /PRNewswire/ --
Universal Health Services, Inc. (NYSE: UHS) today announced an
offering of $800 million aggregate
principal amount of 4.750% senior secured notes due 2022 ("New 2022
Notes") and senior secured notes due 2026 (the "2026 Notes" and,
together with the New 2022 Notes, the "Notes"). The New 2022
Notes will be issued as additional notes under the indenture
governing our existing $300 million
aggregate principal amount of 4.750% Senior Secured Notes due 2022,
issued on August 7, 2014 (the
"Existing 2022 Notes"). The New 2022 Notes and the Existing 2022
Notes will have identical terms, other than the issue date, the
issue price and the first interest payment date, and the New 2022
Notes will constitute part of the same series as the Existing 2022
Notes. The New 2022 Notes will have the same CUSIP numbers as
the Existing 2022 Notes, except for the Notes sold pursuant to
Regulation S which will, on the 40th day following the issue date
of the Notes, have the same CUSIP numbers. The New Notes that
have the same CUSIP numbers as the Existing 2022 Notes will be
fungible with the Existing 2022. The 2026 Notes will be a new
issuance under a separate indenture. The Company intends to use the
net proceeds of the offering to refinance existing
indebtedness.
The Notes have not been registered under the Securities Act of
1933, as amended (the "Securities Act") or any state securities law
and, unless so registered, may not be offered or sold in
the United States absent
registration or an applicable exemption from, or in a transaction
not subject to, the registration requirements of the Securities Act
and other applicable state securities laws. The Notes will be
offered only to persons reasonably believed to be qualified
institutional buyers under Rule 144A of the Securities Act and
outside the United States under
Regulation S of the Securities Act.
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. This notice is being
issued pursuant to and in accordance with Rule 135c under the
Securities Act.
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. is one of the nation's largest
hospital companies operating through its subsidiaries, acute care
hospitals, behavioral health facilities and ambulatory centers
located throughout the United
States, the United Kingdom,
Puerto Rico and the U.S. Virgin Islands.
For additional information on the Company, visit our website;
http://www.uhsinc.com.
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SOURCE Universal Health Services, Inc.