Item 1.01 Entry into a Material Definitive Agreement.
On November 20, 2019, HCA Inc., a direct, wholly owned subsidiary of HCA
Healthcare, Inc., entered into a joinder agreement (the "B-13 Joinder
Agreement") to refinance its existing senior secured term B-11 loan credit
facility maturing on March 18, 2023 and pay related fees and expenses with a new
$1.148 billion senior secured term B-13 loan credit facility maturing on
March 18, 2026 (the "Tranche B-13 Term Loan Facility") on substantially the same
terms as its existing senior secured term B-11 loan credit facility, other than
(i) amortization payments on the aggregate principal amount of the Tranche B-13
Term Loan Facility are equal to 0.25% payable at the end of each fiscal quarter,
commencing with the fiscal quarter ending December 31, 2019 and (ii) any
prepayment of term loans under the Tranche B-13 Term Loan Facility in connection
with a repricing transaction occurring on a date that is prior to the date that
is six months after the effective date of the B-13 Joinder Agreement will be
subject to a prepayment premium equal to 1.00% of the principal amount of any
such term loans.
The foregoing description does not purport to be complete and is qualified in
its entirety by reference to the B-13 Joinder Agreement, a copy of which is
filed as Exhibit 4.1 hereto and is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The information provided in Item 1.01 of this report is incorporated by
reference into this Item 2.03.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
Exhibit
No. Description
4.1 Joinder Agreement No. 10, dated as of November 20, 2019, by and
among HCA Inc., as borrower, the guarantors party thereto, Bank of
America, N.A., as administrative agent and collateral agent, and the
lenders party thereto.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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