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Community Health Seeks Financing

It wants to pay down a credit line.

Hospital healthcare services provider

Community Health Systems

(CYH) - Get Community Health Systems, Inc. Report

announced plans to explore syndicating a new incremental term loan of about $300 million, allowed under the existing credit agreement.

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The Brentwood, Tenn.-based company said that it would use the proceeds to repay borrowings under its existing revolving credit facility and for general corporate purposes.

This story was created through a joint venture between and IRIS.