Tenet Healthcare to distribute senior notes totaling $750M: 3 things to know

Dallas-based Tenet Healthcare Corp. will sell newly issued senior secured second lien notes worth $750 million through a private placement, according to Yahoo! Finance.

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Here are three things to know:

1. The senior notes have a 7.5 percent interest rate per annum.

2. Tenet will secure the notes on a second lien priority basis on the capital stock.

3. As of Sept. 30, 2016, Tenet Healthcare had debt totaling $14.3 billion, with shareholders’ equity reaching $528 million.

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