06.05.2015 16:39:00
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HCA, Inc. -- Moody's: HCA's ratings unaffected by sr. unsecured bond add-on; Ba3 CFR unchanged; stable outlook
New York, May 06, 2015 -- Moody's Investors Service commented that the proposed offering of $1.6 billion of senior unsecured notes by HCA, Inc. has no impact on the company's ratings. The issuance is an add-on to the company's existing 5.375% senior notes due 2025, which are rated B2 (LGD 5). Moody's understands that the proceeds of the offering will be used to fund the redemption of HCA Holdings, Inc.'s$1.525 billion of 7.75% senior notes due 2021. HCA, Inc. is a wholly owned subsidiary of HCA Holdings, Inc. (collectively HCA or the company).