UHS to Issue $1.1 Billion in Senior Secured Notes

Universal Health Services and certain subsidiaries entered into an underwriting agreement with J.P. Morgan Securities, BofA Securities, Truist Securities, U.S. Bancorp Investments and Wells Fargo Securities to issue $1.1 billion of senior secured notes. The offering includes $600 million of 5.500% notes due 2031 and $500 million of 6.000% notes due 2036, guaranteed by qualifying subsidiaries; proceeds will partly repay borrowings under UHS’s revolving credit facility, with some proceeds potentially used to repay 2026 notes, while specific remaining uses were not disclosed.