Tenet Healthcare Corp (THC) bonds
THCNYSEServices-General Medical & Surgical Hospitals, NECFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 13/3037% below fair value
$286.03−0.83 (-0.29%)
Close on Nov 13, 2026Market cap $22.76BP/E 8.3Yield –
Debt
Borrowings on the balance sheet, Sep 30, 2026
Total debt
$13.24B
$164.00M due within a year
Net debt
$10.57B
After $2.67B of cash
Implied interest rate
6.23%
FY2025 interest ÷ average debt
Interest coverage
4.3×
FY2025 operating income ÷ interest
Total debt by fiscal year
Long-term plus current debt, USD
Notes and loans outstanding
As tagged in Tenet Healthcare's 10-Q for the period ended Sep 30, 2026
Coupon by maturity
Each circle is a note, sized by the amount issued. The line is what the US Treasury pays today for the same time to maturity.
| Issue | Coupon | Matures | Amount issued | Carrying value |
|---|---|---|---|---|
| 4.875% due 2026 | 4.88% | 2026 | – | – |
| 5.125% due 2027 | 5.12% | 2027 | $1.50B | $0 |
| 5.125% due 2027 | 5.12% | 2027 | – | $1.50B |
| 6.250% due 2027 | 6.25% | 2027 | – | $0 |
| Senior secured credit facility due 2027 | – | 2027 | – | $0 |
| 4.625% due 2028 | 4.62% | 2028 | – | $600.00M |
| 4.625% due 2028 | 4.62% | 2028 | – | $600.00M |
| 6.125% due 2028 | 6.12% | 2028 | $1.75B | $1.25B |
| 4.250% due 2029 | 4.25% | 2029 | – | $1.40B |
| 4.250% due 2029 | 4.25% | 2029 | – | $1.40B |
| 4.375% due 2030 | 4.37% | 2030 | – | $1.45B |
| 4.375% due 2030 | 4.37% | 2030 | – | $1.45B |
| 6.125% due 2030 | 6.12% | 2030 | – | $2.00B |
| 6.750% due 2031 | 6.75% | 2031 | – | $1.35B |
| 6.875% due 2031 | 6.88% | 2031 | – | $362.00M |
| 5.500% due 2032 | 5.50% | 2032 | $1.50B | $1.50B |
| 6.000% due 2033 | 6.00% | 2033 | $750.00M | $750.00M |
| 6.250% due 2034 | 6.25% | 2034 | $2.00B | $2.00B |
Companies tag their debt differently: some list every note, others group notes by issuance year or by type, so the list may not add up to total debt. Notes that matured before today are hidden. Source: 10-Q.
Credit facilities
Revolving credit lines and other committed borrowing capacity
| Facility | Size | Drawn |
|---|---|---|
| Credit Agreement | $200.00M | $0 |
| Letter of Credit Facility | $200.00M | – |
| Revolving Credit Facility | $1.50B | – |
| Senior secured credit facility due 2027 | $200.00M | – |
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