Hospital Corporation of America and Subsidiaries - Page 24

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          aggregate principal amount of $286 million and Increasing Rate              
          Guaranteed Subordinated Debentures (Guaranteed Debentures) having           
          an aggregate principal amount of $240 million.  Additionally, the           
          Subsidiaries assumed the obligations of HCA and certain of its              
          subsidiaries under certain loans having an aggregate principal              
          amount of approximately $7,700,000.                                         
               Interest was payable on the loans under the Credit Agreement           
          at a fluctuating rate, which initially was 10.25 percent.                   
          Interest was payable on the Senior Subordinated Notes at a                  
          fluctuating rate which increased each quarter and initially was             
          12.063 percent.  The Guaranteed Debentures were guaranteed by HCA           
          and interest thereon was payable at a fluctuating rate which                
          increased each quarter and initially was 8.563 percent.  In                 
          total, HealthTrust borrowed over $1.7 billion in connection with            
          its acquisition of the Subsidiaries' stock.                                 
               Pursuant to the reorganization, the ESOP purchased 99.5                
          percent of the initially outstanding Common Stock for $30 per               
          share, and HealthTrust Management purchased the remaining 0.5               
          percent also for $30 per share.  HealthTrust Management borrowed            
          the funds from HealthTrust to purchase their Common Stock.  The             
          loans to HealthTrust Management were for a 10-year period and               
          bore interest at the prime rate of Chase Manhattan Bank, which              
          was payable annually either in cash or by the delivery to                   
          HealthTrust of promissory notes, which matured on September 17,             






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Last modified: May 25, 2011