Community Health Systems (NYSE:CYH) plans to offer up to $1.925B of new 9.875% Junior-Priority Secured Notes due 2023 in exchange for any or all of its $1.925B of outstanding 8.000% Senior Unsecured Notes due 2019.
It also plans to exchange up to $1.2B of new 8.125% Junior-Priority Secured Notes due 2024, together with the 2023 Notes, in exchange for any and all of its $1.2B outstanding 7.125% Senior Unsecured Notes due 2020.
The maximum amount of the exchange offers will not exceed $3.125B.
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