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Tenet sells $900 million in new notes
Modern Healthcare

Tenet Healthcare Corp., Dallas, has completed its sale of $900 million in new notes (PDF), according to a news release. The notes are due in 2018 and carry an interest rate of 6.25%. Tenet announced the offering earlier this month, initially proposing to sell $750 million in new notes but later expanding the offering to $900 million.

Most of the proceeds of the offering will go toward paying off Tenet’s 9% notes due in 2015.