09:40 AM EDT, 05/21/2024 (MT Newswires) -- Community Health Systems ( CYH ) said Tuesday its subsidiary CHS/Community Health Systems plans to offer an additional $1.125 billion of its 10.875% senior secured notes due 2032.

Net proceeds will be used to redeem all outstanding 8.000% senior secured notes due 2026, cover related fees and expenses, and for general corporate purposes, including debt repayment, the company said.

Shares of Community Health Systems ( CYH ) were down 0.6% in early Tuesday trading.

Price: 3.62, Change: -0.02, Percent Change: -0.58