Triad Hospitals plans $650 million bond offering to fund tender for 8¾% notes due 2009

By Paul A. Harris

St. Louis, April 20 - Triad Hospitals Inc. plans to sell $650 million of senior notes and/or senior subordinated notes to fund the tender for $600 million of its 8¾% senior notes due 2009, the company said in a news release Tuesday.

Citigroup and Merrill Lynch & Co. are co-dealer managers of the tender, which expires May 17.

No further information on the bond deal was contained in the news release, and the company did not immediately return a telephone call from Prospect News.

Plano, Texas-based Triad manages hospitals and ambulatory surgery centers in small cities and selected larger urban markets.

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