Form 8-K · Current report
Universal Health Services 8-K, filed Aug 21, 2026
- Filed
- CIK
- 0000352915
- Accession no.
- 0001193125-26-359953
Summary
Universal Health Services completed a public offering of $1.1 billion in senior secured notes — $600 million of 5.500% notes due 2031 and $500 million of 6.000% notes due 2036 — guaranteed on a senior secured basis by its subsidiary guarantors and secured by first-priority liens on certain assets. The notes, issued under an indenture with U.S. Bank Trust Company as trustee and JPMorgan Chase Bank as collateral agent, carry investment-grade ratings from Moody's and S&P, and rank equally with the company's senior secured credit facility and existing senior secured notes.
Key points
- The 2031 notes bear 5.500% interest and mature September 1, 2031; the 2036 notes bear 6.000% and mature September 1, 2036, with interest payable semi-annually from March 1, 2027.
- The notes and subsidiary guarantees are secured by first-priority liens on certain assets of the issuer and the secured guarantors, excluding real property and certain other assets.
- The guarantees and collateral liens can be released without noteholder consent if the notes have investment grade ratings, no default is continuing, and liens securing other first-lien and junior-lien obligations have been released.
- Upon certain changes of control occurring after the notes cease to have investment grade ratings, holders may require repurchase at 101% of principal plus accrued interest.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement Issuance of Senior Secured Notes On August 20, 2026, Universal Health Services, Inc. (the “Issuer”), completed the public offering of (i) $600,000,000 aggregate principal amount of its 5.500% Senior Secured Notes due 2031 (the “2031 Notes”), and (ii) $500,000,000 aggregate principal amount of its 6.000% Senior Secured Notes due 2036 (the “2036 Notes “and, together with the 2031 Notes, the “Notes”), each guaranteed on a senior secured basis by all of the Issuer’s existing and future direct and indirect subsidiaries that guarantee the Issuer’s senior secured credit facility or the Issuer’s other first lien obligations or any junior lien…
An excerpt of the text as filed with the SEC, cut for length.
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