Tenet Healthcare Corporation Announces Extension of Early Participation Date and Withdrawal Date with Respect to Exchange Offer
Tenet Healthcare Corporation announced today, in connection with its previously announced exchange offer relating to its outstanding notes maturing on Dec. 1, 2011 and June 1, 2012, that it has extended both the early participation date and the deadline for the withdrawal of tendered notes to 5 p.m., New York City time, on Feb. 18, 2009. The expiration date of the exchange offer is unchanged and remains 5 p.m., New York City time, on Feb. 26, 2009, unless extended or earlier terminated.
Tenet had previously announced that the outstanding notes would be exchanged for an equal aggregate principal amount of two new series of senior secured notes maturing in 2014 and 2019; the maturity dates of the new notes have been extended and reduced, respectively, to 2015 and 2018. The terms and conditions of the exchange offer are described in Tenet’s Offering Memorandum dated Jan. 22, 2009, as amended by Supplement No. 1 to Offering Memorandum dated Jan. 30, 2009 and Supplement No. 2 to Offering Memorandum dated Feb. 4, 2009.
The new notes are being offered through a private placement and have not been registered under the Securities Act of 1933, or any state securities laws. As a result, they may not be offered or sold in the United States or to any U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the new notes are being offered for exchange only to eligible holders who are “qualified institutional buyers” under Rule 144A of the Securities Act or, outside the United States, to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act. This press release is neither an offer to sell nor a solicitation of an offer to buy, nor shall there be any sale of, any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Tenet Healthcare Corporation, through its subsidiaries, owns and operates acute care hospitals and related ancillary health care businesses, which include ambulatory surgery centers and diagnostic imaging centers. Tenet is committed to providing high quality care to patients in the communities we serve. Tenet can be found on the World Wide Web at www.tenethealth.com.
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