Universal Health Services, Inc. announced the pricing of its previously announced private offering of senior secured notes. The Company priced the offering of $700 million aggregate principal amount of its 1.650% senior secured notes due 2026 and $500 million aggregate principal amount of its 2.650% senior secured notes due 2032. The Notes will pay interest semi-annually in arrears, on March 1 and September 1 of each year, beginning on March 1, 2022 for the 2026 Notes and on January 15 and July 15 of each year, beginning on January 15, 2022 for the 2032 Notes. The 2026 Notes will mature on September 1, 2026 and the 2032 Notes will mature on January 15, 2032, unless earlier redeemed or repurchased. The Notes offering is expected to close on August 24, 2021, subject to customary closing conditions. The Company intends to use the net proceeds of the offering to redeem all of the outstanding $400 million aggregate principal amount of its 5.00% Senior Secured Notes due 2026 on or about September 13, 2021, to pay accrued and unpaid interest on the Existing 2026 Notes to but excluding the date of redemption, to repay certain indebtedness under its senior credit facility, to pay transaction expenses and for general corporate purposes.