New York, June 02, 2015 -- Moody's assigned a Ba2 rating to Tenet Healthcare Corporation's offering of senior secured notes due 2020 and a B3 rating to its proposed senior unsecured notes due 2023. Moody's understands that the proceeds from the debt offerings will be used to fund Tenet's share of the equity contribution to the previously announced joint venture with Welsh, Carson, Anderson & Stowe, refinance approximately $1.5 billion of existing indebtedness at United Surgical Partners International, fund the acquisition of Aspen Healthcare Ltd., and pay related transaction fees and expenses.
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