Universal Health Services prices senior secured notes offering; net proceeds $700M

Filed August 10, 2026 · ~2 min read

Key Changes

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  UHS is offering two series of senior secured notes with net proceeds of $700 million. Final principal amounts, interest rates, and maturity dates to be determined at pricing.

  The Offering verify on EDGAR →
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  Proceeds will repay $700M of notes maturing September 1, 2026, and $225M revolving credit facility drawn to fund the Talkspace acquisition.

  Use of Proceeds verify on EDGAR →
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  Notes secured by first-priority liens on certain assets excluding real property. Collateral will be automatically released if UHS receives investment grade corporate ratings from both Moody's and S&P and credit agreement conditions are met, converting notes to unsecured.

  The Offering verify on EDGAR →