Tenet to sell $750 million senior secured notes due 2018

Tenet Healthcare Corporation (NYSE: THC) announced today that it is offering to sell $750 million aggregate principal amount of senior secured notes maturing in 2018 through a private placement.

The notes will rank pari passu with Tenet's 9% senior secured notes due 2015 not purchased in the tender offer referenced below, which were issued in March 2009, and 10% senior secured notes due 2018, which were issued in March 2009, and 8.875% senior secured notes due 2019, which were issued in June 2009, and similarly will be guaranteed by and secured by a pledge of the capital stock and other ownership interests of certain of Tenet's subsidiaries. The proceeds from the offering will be used to purchase Tenet's 9% senior secured notes due 2015 in a tender offer. Tenet will use any remaining net proceeds for repurchases of its outstanding senior notes through publicly or privately negotiated transactions.