HCA HEALTHCARE, INC. Item 8.01. Other Events.
On
S&P's announcement, in conjunction with previously disclosed events, constitutes
an "Investment Grade Rating Event" or a "Ratings Event," as applicable, under
the terms of the indentures (the "Senior Secured Indentures") governing
In addition, the covenants in the Senior Secured Indentures governing the Senior Secured Notes issued prior to 2019 will change in accordance with the terms of such Senior Secured Indentures, and as a result will now substantially align with those included in the Senior Secured Indentures governing the Senior Secured Notes issued in 2019 or later and in the indentures (the "Senior Unsecured Indentures") governing the Issuer's senior unsecured notes issued in 2015 or later (the "Senior Unsecured Notes").
The Senior Secured Notes and Senior Unsecured Notes will continue to be guaranteed on an unsecured basis by the Company. The subsidiary guarantees and collateral securing the Issuer's senior secured credit facilities are not affected.
S&P also announced that it has issued an investment grade rating with respect to the Issuer's senior unsecured notes. Following these two announcements, the change of control put at 101% will be suspended with respect to both the Senior Secured Notes and Senior Unsecured Notes in accordance with the terms of the Senior Secured Indentures and Senior Unsecured Indentures, respectively.
The foregoing descriptions of the Senior Secured Notes, Senior Secured
Indentures, Senior Unsecured Notes and Senior Unsecured Indentures are qualified
in their entirety by the terms of the applicable agreements, which are filed as
exhibits to the Company's filings with the
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