Community Health Systems Amends Senior Secured Credit Facility.Business Editors/Health/Medical Writers BRENTWOOD, Tenn.--(BUSINESS WIRE)--July 2, 2003 Community Health Systems, Inc. (NYSE NYSE See: New York Stock Exchange :CYH CYH Check Your Head (youth driven organization in Canada) CYH Consider Yourself Hugged ) today announced that it has amended its senior secured credit facility by exercising a feature allowing the Company to add up to $200 million of funded term loans. The amended facility consists of $1.050 billion in term loans that mature in 2010 and a $350 million revolving credit facility. The proceeds of the incremental term loan facility will be used to fund pending acquisitions and other corporate purposes. Agent bankers for this transaction include JP Morgan Chase Bank as Administrative Agent, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , N.A. as Syndication Agent and Wachovia First Union as Documentation Agent. JP Morgan Securities, Inc. and Banc of America Securities LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control served as joint arrangers and co-managers for the credit facility. Located in the Nashville, Tennessee suburb, Brentwood, Community Health Systems is a leading operator of general acute care hospitals in non-urban communities throughout the country. Through its subsidiaries, the Company currently owns, leases or operates 71 hospitals in 22 states. Its hospitals offer a broad range of inpatient medical and surgical services, outpatient treatment and skilled nursing care. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "CYH." |
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