Community Health Systems Inc. (NYSE: CYH) announced early tender results for its cash tender offer to purchase up to $600 million of outstanding senior secured notes.

The company's subsidiary, CHS/Community Health Systems Inc., received tenders of $994.8 million in aggregate principal amount of 4.750% Senior Secured Notes due 2031, representing 94.05% of outstanding notes. For the 10.875% Senior Secured Notes due 2032, $822 million in aggregate principal amount was tendered, representing 46.18% of outstanding notes.

Due to the tender offer's $600 million cap, proration will apply to both series. The proration factor for the 2031 Notes is approximately 37.07%, while the 2032 Notes will be prorated at approximately 28.14%.

The company will accept $368.4 million aggregate principal amount of 2031 Notes and $230.9 million aggregate principal amount of 2032 Notes for purchase. Settlement is expected to occur on May 7, 2026.

Notes tendered but not accepted will be returned to holders. The tender offer initially launched on April 22, 2026.

Since the aggregate maximum purchase amount will be reached with the early settlement, no additional notes tendered after the early tender date will be accepted unless the company amends the offer terms at its discretion.

UBS Investment Bank serves as dealer manager for the transaction. The purchase remains subject to satisfaction of certain conditions outlined in the offer documents.