Item 1.02 Termination of a Material Definitive Agreement.
On September 28, 2020 (the "Redemption Date"), Universal Health Services, Inc.
(the "Company") redeemed the entire $700 million aggregate principal amount of
its 4.75% Senior Secured Notes due 2022 (the "2022 Notes") issued and
outstanding, at a cash redemption price equal to the sum of (A) 100% of the
aggregate principal amount of the 2022 Notes redeemed, and (B) accrued and
unpaid interest on the 2022 Notes to the Redemption Date. The 2022 Notes were
issued under the Indenture (the "Indenture"), dated as of August 7, 2014, among
the Company, the subsidiary guarantors party thereto, MUFG Union Bank, N.A., as
trustee (the "Trustee"), and JPMorgan Chase Bank, N.A., as collateral agent (the
"Collateral Agent"), as supplemented by the First Supplemental Indenture, dated
as of June 3, 2016, among the Company, the subsidiary guarantors party thereto,
the Trustee and the Collateral Agent. The Company's 3.75% Senior Secured Notes
due 2019, which had also been issued under the Indenture, were redeemed in full
on November 26, 2018. Accordingly, the Indenture has been satisfied and
discharged.
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Universal Health Services, Inc.
By: /s/ Steve Filton
Name: Steve Filton
Title: Executive Vice President and
Chief Financial Officer
Date: September 30, 2020
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