HCA HOLDINGS, INC. (NYSE:HCA) Files An 8-K Entry into a Material Definitive Agreement
Item1.01 Entry into a Material Definitive Agreement.
On March20, 2017, HCA Inc., a direct, wholly owned subsidiary of
HCA Holdings, Inc., entered into a joinder agreement (the
Joinder Agreement) to refinance its existing senior
secured term B-6 loan credit facility maturing on March18, 2023
and pay related fees and expenses with a new $1.489billion senior
secured term B-9 loan credit facility maturing on March18, 2023
(the Tranche B-9 Term Loan Facility) on substantially the
same terms as its existing senior secured term B-6 loan credit
facility, other than (i)borrowings under the Tranche B-9 Term
Loan Facility will bear interest at LIBOR plus an applicable
margin of 2.00% or a base rate plus an applicable margin of
1.00%, (ii) amortization payments on the aggregate principal
amount of the Tranche B-9 Term Loan Facility are equal to 0.25%
payable at the end of each fiscal quarter, commencing with the
fiscal quarter ending June30, 2017 and (iii)any prepayment of
term loans under the Tranche B-9 Term Loan Facility in connection
with a repricing transaction occurring on a date that is prior to
the date that is six months after the effective date of the
Joinder Agreement will be subject to a prepayment premium equal
to 1.00% of the principal amount of any such term loans.
The foregoing description does not purport to be complete and is
qualified in its entirety by reference to the Joinder Agreement,
a copy of which is filed as Exhibit 4.1 hereto and incorporated
herein by reference.
Item2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
The information provided in Item 1.01 of this report is
incorporated by reference into this Item 2.03.
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Item9.01 Financial Statements and Exhibits.
(d) Exhibits:
|
Exhibit No. |
Description | |
| 4.1 |
Joinder Agreement No.5, dated as of March20, 2017, by and among HCA Inc., as borrower, the guarantors party thereto, Bank of America, N.A., as administrative agent and collateral agent, and the lenders party thereto. |
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About HCA HOLDINGS, INC. (NYSE:HCA)
HCA Holdings, Inc. is a healthcare services company. The Company’s segment is operating hospitals and related healthcare entities. The Company operates approximately 168 hospitals, consisting of 164 general, acute care hospitals; three psychiatric hospitals, and one rehabilitation hospital. In addition, the Company operates approximately 116 freestanding surgery centers. Its facilities are located in approximately 20 states and England. The Company’s general, acute care hospitals typically provide a range of services to accommodate such medical specialties as internal medicine, general surgery, cardiology, oncology, neurosurgery, orthopedics and obstetrics, as well as diagnostic and emergency services. Its psychiatric hospitals provide therapeutic programs, including child, adolescent and adult psychiatric care, adult and adolescent alcohol and drug abuse treatment and counseling. It operates approximately three psychiatric hospitals with over 396 licensed beds. HCA HOLDINGS, INC. (NYSE:HCA) Recent Trading Information
HCA HOLDINGS, INC. (NYSE:HCA) closed its last trading session down -0.70 at 83.92 with 2,528,908 shares trading hands.
