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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: May 4, 1998
(Date of earliest event reported)
Tenet Healthcare Corporation
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(Exact name of Registrant as specified in its charter)
Nevada I-7293 92-2557091
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(State of Incorporation) (Commission File No.) (IRS Employer
Identification No.)
3820 State Street, Santa Barbara, California 93105
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(Address of principal executive offices, including zip code)
(805) 563-7000
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(Registrant's telephone number, including area code)
N/A
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On May 4, 1998, Tenet Healthcare Corporation, a Nevada corporation (the
"Company"), announced an offering of $300 million of Senior Notes and $900
million dollars of Senior Subordinated Notes to qualified institutional
investors through a private placement. The Company intends to use the
proceeds of such offering to repurchase its outstanding 9-5/8% Senior Notes
due 2002 and 10-1/8% Senior Subordinated Notes due 2005. A press release
announcing the offering is attached as an exhibit to this Current Report on
Form 8-K.
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) EXHIBITS
Exhibit Description
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99 Press Release, dated May 4, 1998.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TENET HEALTHCARE CORPORATION
By: /s/ STEPHEN FARBER
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Stephen Farber
Vice President
Date: May 4, 1998
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EXHIBIT INDEX
Number Exhibit
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99 Press Release, dated May 4, 1998.
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[LOGO] NEWS RELEASE
TENET HEALTHCARE CORPORATION
HEADQUARTERS OFFICE
3820 STATE STREET
SANTA BARBARA, CA 93105 CONTACTS
TEL (805) 563-6855 INVESTOR RELATIONS: PAUL RUSSELL (805) 563-7188
FAX (805) 563-6821 MEDIA RELATIONS: LANCE IGNON (805) 563-6975
HTTP://WWW.TENETHEALTH.COM
TENET HEALTHCARE ANNOUNCES REFINANCING
SANTA BARBARA, CALIF. - MAY 4, 1998 - Tenet Healthcare Corp. (THC: NYSE,
PSE) announced today that is offering $300 million of Senior Notes and $900
million of Senior Subordinated Notes to qualified institutional investors
through a private placement. The proceeds of this offering will be used to
repurchase Tenet's 9 5/8% Senior Notes and 10 1/8% Senior Subordinated Notes
that are the subject of a previously announced tender offer. Because the
Notes are being offered through a private placement, they will not be and
have not been registered under the Securities Act of 1933, as amended, and
may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.
Based in Santa Barbara, Calif., Tenet Healthcare, through its
subsidiaries, owns and operates 124 acute care hospitals and numerous related
healthcare services from coast to coast. The company employs 106,000 people
serving communities in 18 states. Tenet's name reflects its core business
philosophy: the importance of shared values between partners - including
employees, physicians, insurers and communities - in providing a full
spectrum of quality healthcare. Tenet can be found on the World Wide Web at
WWW.TENETHEALTH.COM.
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