Community Health Systems amends existing credit agreement with subsidiary

Community Health Systems, Inc.Nov 8 2010

Community Health Systems, Inc. (NYSE: CYH) (the "Company") today announced that on November 5, 2010, it and its wholly-owned subsidiary CHS/Community Health Systems, Inc. entered into an amendment and restatement (the "Amendment") of their existing credit agreement, dated as of July 25, 2007 (as amended and restated, the "Credit Agreement").

The Amendment extends by two and a half years (until January 25, 2017, subject to customary acceleration events) the maturity date of $1.5 billion of the existing term loans under the Credit Agreement of lenders who elected to extend. The maturity date (July 25, 2014) of the balance of the term loans, approximately $4.5 billion, is unchanged by the Amendment. The Amendment increases the pricing on the extended term loans to LIBOR + 350 basis points and amends certain other terms and conditions.