Tenet will hold a conference call with lenders to discuss a $1.5 billion unsecured portion and $500 million secured portion of bridge financing, according to the report.
Tenet plans to raise $2.2 billion of debt, refinance $1.5 billion of USPI’s debt and pay Welsh, Carson, Anderson & Stowe $600 million for USPI and Aspen.
Moody’s Investor Services reported the acquisitions will leave Tenet with a debt level 6.5 times a measure of earnings, according to the report.
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