10:01 AM EST, 11/03/2025 (MT Newswires) -- Tenet Healthcare ( THC ) said Monday it plans to launch private offerings of $1.5 billion of new senior secured first lien notes due 2032 and $500 million of new senior notes due 2033 to refinance $2 billion of outstanding notes.

The company said net proceeds, along with cash on hand, would be used to redeem all outstanding 6.250% senior secured second lien notes due February 2027 and a portion of outstanding 6.125% senior notes due October 2028.

Shares of the company were down more than 2% in recent trading Monday.

Price: 201.51, Change: -5.03, Percent Change: -2.43