UHS Finalizes $1.1B Senior Secured Notes Offering to Refinance 2026 Maturity

summarizeSummary

UHS finalized a $1.1 billion senior secured notes offering, upsized from $700 million, to refinance its September 2026 debt maturity and reduce revolver borrowings.

check_boxKey Events · Financing and Capital Events · UHS

• $1.1B Notes Offering Finalized

  UHS entered into an underwriting agreement for $600M of 5.500% senior secured notes due 2031 and $500M of 6.000% notes due 2036, upsized from the $700M initially targeted.

• Pricing and Yields Set

  2031 notes priced at 99.937% of principal (5.514% yield); 2036 notes at 99.359% (6.086% yield). Settlement expected August 20, 2026.

• Refinancing Purpose

  Proceeds will repay the $700M 1.650% senior secured notes due September 2026 and reduce outstanding revolving credit facility borrowings, with remainder for general corporate purposes.

• Underwriter Syndicate

  J.P. Morgan, BofA Securities, Truist, U.S. Bancorp, and Wells Fargo lead the offering, with Goldman Sachs, NatWest, PNC, TD Securities, Fifth Third, KeyBanc, and Mizuho participating.

auto_awesomeAnalysis · UHS · Industrial Applications And Services

UHS entered into an underwriting agreement for $1.1 billion in senior secured notes, split between $600 million of 5.500% notes due 2031 and $500 million of 6.000% notes due 2036. The offering was upsized from the initially targeted $700 million, reflecting strong demand. Proceeds will repay the $700 million 1.650% notes maturing in September 2026 and reduce revolving credit facility borrowings. The notes are priced at a slight discount to par, with yields of 5.514% and 6.086% respectively. This refinancing extends debt maturities and locks in current rates, reducing near-term refinancing risk.