Universal Health Services prices $1.1 billion senior secured notes due 2031 and 2036
Universal Health Services agreed on August 11, 2026 to sell $1.1 billion of senior secured notes through underwriters led by J.P. Morgan, BofA Securities, Truist, U.S. Bancorp and Wells Fargo. The filing says the company's revolving credit facility borrowings will be repaid from the proceeds, and it notes J.P. Morgan is also the company's financial advisor on its proposed acquisition of Talkspace, Inc.
Key points
- Two tranches: $600 million of 5.500% notes due 2031 and $500 million of 6.000% notes due 2036
- Notes are guaranteed on a senior secured basis by the company's subsidiary guarantors and sold under an S-3 shelf registration
- Proceeds will be used in part to repay outstanding borrowings under the revolving credit facility
- Underwriting agreement dated August 11, 2026; prospectus supplement filed with the SEC on August 13, 2026
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.