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Hospital Corporation of America has completed a $1.25 billion offering of senior secured first lean notes due 2020 with a 7.875% interest rate. The company had intended to only raise $750 million but was able to increase the offering due to demand. HCA, which is owned by Bain Capital, Kohlberg Kravis Roberts, and Merrill Lynch Global Private Equity, intendeds to use the proceeds to repay term loans under its cash flow credit facility.
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