Recession USA 2020
Business

Universal Health Services readies senior secured notes offering (NYSE:UHS)

Universal Health Services (UHS +2.4%) seeks to offer senior secured notes due 2030.

Proceeds along with cash on hand to be used for redeeming all of the outstanding $700M principal amount of its 4.750% senior secured notes due 2022 on September 28, 2020 and general corporate purposes.

“Universal Health Services, with its cash flow and profitability, is positioned to weather the downturn and take share during a recovery. UHS now trades significantly below its economic book value, or no-growth value,” wrote David Trainer on Seeking Alpha.

Quant, SA Authors and Wall Street Analysts Rating is Bullish.

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