31.01.2013 19:29:00
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LifePoint Hospitals, Inc. -- Moody's rates LifePoint's sr. secured term loan Ba1, CFR unchanged at Ba2; outlook is stable
New York, January 31, 2013 -- Moody's Investors Service assigned a rating of Ba1 (LGD 3, 31%) to LifePoint Hospitals, Inc's. (LifePoint) new senior secured term loan B. Moody's existing ratings on the company, including the Ba2 Corporate Family Rating and Ba2-PD Probability of Default Rating, are unchanged and the outlook for the ratings remains stable. Moody's understands that the proceeds of the new term loan will be used to refinance the company's 3.25% convertible senior subordinated notes, which are puttable back to company in March 2013.