12:26 PM EDT, 09/16/2024 (MT Newswires) -- Universal Health Services ( UHS ) said Monday it plans to offer senior secured notes, subject to market conditions.

Terms of the offering, including maturity, interest rate, and principal amount, will be determined during pricing, the company said.

Universal Health said it plans to use proceeds to repay outstanding amounts under its current tranche A term loan facility.

Shares of the company were up 0.6% in recent trading.

Price: 234.00, Change: +1.44, Percent Change: +0.62