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Registration Nos. 333-159511 and 333-159511-01 to 333-159511-184
MARKET MAKING PROSPECTUS DATED
JULY 10, 2009
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PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Delaware | 001-11239 | 75-2497104 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||
One Park Plaza, Nashville, Tennessee | 37203 | |||
(Address of Principal Executive Offices) | (Zip Code) |
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Year | Percentage | |||
2015 | 103.625 | % | ||
2016 | 102.417 | % | ||
2017 | 101.208 | % | ||
2018 and thereafter | 100.000 | % |
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• | incur additional debt or issue certain preferred shares; | ||
• | pay dividends on or make other distributions in respect of the Company’s capital stock or make other restricted payments; | ||
• | make certain investments; | ||
• | prepay existing unsecured notes existing on November 17, 2006 (the “Existing Notes”), other than Existing Notes maturing on or prior to December 31, 2011 or, in the event of satisfaction of a maximum consolidated secured debt ratio and a maximum consolidated leverage ratio, Existing Notes maturing on or prior to the maturity date of the Notes; | ||
• | sell certain assets; | ||
• | create liens on certain assets to secure debt; | ||
• | consolidate, merge, sell or otherwise dispose of all or substantially all of the Company’s assets; | ||
• | enter into certain transactions with the Company’s affiliates; and | ||
• | designate the Company’s subsidiaries as unrestricted subsidiaries. |
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Exhibit Number | Exhibit | |
Exhibit 4.1 | Indenture, dated as of March 10, 2010, among HCA Inc., the guarantors party thereto, Deutsche Bank Trust Company Americas, as paying agent, registrar and transfer agent, and Law Debenture Trust Company of New York, as trustee. | |
Exhibit 4.2 | Security Agreement, dated as of November 17, 2006, and amended and restated as of March 2, 2009, among HCA Inc., the subsidiary grantors party thereto and Bank of America, N.A. as collateral agent (filed as Exhibit 4.10 to the Company’s Annual Report on Form 10-K filed on March 4, 2009, and incorporated herein by reference). | |
Exhibit 4.3 | Pledge Agreement, dated as of November 17, 2006, and amended and restated as of March 2, 2009, among HCA Inc., the subsidiary pledgors party thereto and Bank of America, N.A. as collateral agent (filed as Exhibit 4.11 to the Company’s Annual Report on Form 10-K filed on March 4, 2009, and incorporated herein by reference). | |
Exhibit 4.4 | Form of 71/4% Senior Secured Notes due 2020 (included in Exhibit 4.1). | |
Exhibit 4.5 | First Lien Intercreditor Agreement, dated as of April 22, 2009, among Bank of America, N.A., as collateral agent, Bank of America, N.A. as authorized representative under the cash flow credit facility, and Law Debenture Trust Company of New York, as authorized representative for the holders of the existing first lien notes (filed as Exhibit 4.5 to the Company’s Current Report on Form 8-K filed on April 28, 2009, and incorporated herein by reference). | |
Exhibit 4.6 | Additional General Intercreditor Agreement, dated as of March 10, 2010, by and among Bank of America, N.A., in its capacity as First Lien Collateral Agent, The Bank of New York Mellon, in its capacity as Junior Lien Collateral Agent and in its capacity as trustee for the Second Lien Notes issued on November 17, 2006, and The Bank of New York Mellon Trust Company, N.A., in its capacity as trustee for the Second Lien Notes issued on February 19, 2009. | |
Exhibit 4.7 | Additional Receivables Intercreditor Agreement, dated as of March 10, 2010, by and between Bank of America, N.A., as ABL Collateral Agent, and Bank of America, N.A., as New First Lien Collateral Agent. |
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HCA INC. (Registrant) | ||||
By: | /s/ David G. Anderson | |||
David G. Anderson | ||||
Senior Vice President - Finance and Treasurer | ||||
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Exhibit Number | Exhibit | |
Exhibit 4.1 | Indenture, dated as of March 10, 2010, among HCA Inc., the guarantors party thereto, Deutsche Bank Trust Company Americas, as paying agent, registrar and transfer agent, and Law Debenture Trust Company of New York, as trustee. | |
Exhibit 4.2 | Security Agreement, dated as of November 17, 2006, and amended and restated as of March 2, 2009, among HCA Inc., the subsidiary grantors party thereto and Bank of America, N.A. as collateral agent (filed as Exhibit 4.10 to the Company’s Annual Report on Form 10-K filed on March 4, 2009, and incorporated herein by reference). | |
Exhibit 4.3 | Pledge Agreement, dated as of November 17, 2006, and amended and restated as of March 2, 2009, among HCA Inc., the subsidiary pledgors party thereto and Bank of America, N.A. as collateral agent (filed as Exhibit 4.11 to the Company’s Annual Report on Form 10-K filed on March 4, 2009, and incorporated herein by reference). | |
Exhibit 4.4 | Form of 71/4% Senior Secured Notes due 2020 (included in Exhibit 4.1). | |
Exhibit 4.5 | First Lien Intercreditor Agreement, dated as of April 22, 2009, among Bank of America, N.A., as collateral agent, Bank of America, N.A. as authorized representative under the cash flow credit facility, and Law Debenture Trust Company of New York, as authorized representative for the holders of the existing first lien notes (filed as Exhibit 4.5 to the Company’s Current Report on Form 8-K filed on April 28, 2009, and incorporated herein by reference). | |
Exhibit 4.6 | Additional General Intercreditor Agreement, dated as of March 10, 2010, by and among Bank of America, N.A., in its capacity as First Lien Collateral Agent, The Bank of New York Mellon, in its capacity as Junior Lien Collateral Agent and in its capacity as trustee for the Second Lien Notes issued on November 17, 2006, and The Bank of New York Mellon Trust Company, N.A., in its capacity as trustee for the Second Lien Notes issued on February 19, 2009. | |
Exhibit 4.7 | Additional Receivables Intercreditor Agreement, dated as of March 10, 2010, by and between Bank of America, N.A., as ABL Collateral Agent, and Bank of America, N.A., as New First Lien Collateral Agent. |
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as Trustee,
as Paying Agent, Registrar and Transfer Agent
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Trust Indenture Act Section | Indenture Section | |
310 (a)(1) | 7.10 | |
(a)(2) | 7.10 | |
(a)(3) | N.A. | |
(a)(4) | N.A. | |
(a)(5) | 7.10 | |
(b) | 7.10 | |
(c) | N.A. | |
311 (a) | 7.11 | |
(b) | 7.11 | |
(c) | N.A. | |
312 (a) | 2.05 | |
(b) | 14.03 | |
(c) | 14.03 | |
313 (a) | 7.06 | |
(b)(1) | N.A. | |
(b)(2) | 7.06; 7.07 | |
(c) | 7.06; 14.02 | |
(d) | 7.06; 14.02 | |
314 (a) | 4.03; 14.02; 14.05 | |
(b) | 11.05 | |
(c)(1) | 14.04 | |
(c)(2) | 14.04 | |
(c)(3) | N.A. | |
(d) | 11.05 | |
(e) | 14.05 | |
(f) | N.A. | |
315 (a) | 7.01 | |
(b) | 7.05; 14.02. | |
(c) | 7.01 | |
(d) | 7.01 | |
(e) | 6.14 | |
316 (a)(last sentence) | 2.09 | |
(a)(1)(A) | 6.05 | |
(a)(1)(B) | 6.04 | |
(a)(2) | N.A. | |
(b) | 6.07 | |
(c) | 2.12; 9.04 | |
317 (a)(1) | 6.08 | |
(a)(2) | 6.12 | |
(b) | 2.04 | |
318 (a) | 14.01 | |
(b) | N.A. | |
(c) | 14.01 |
* This Cross-Reference Table is not part of the Indenture.
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ARTICLE 1 | ||||
DEFINITIONS AND INCORPORATION BY REFERENCE | ||||
Section 1.01 Definitions | 1 | |||
Section 1.02 Other Definitions | 37 | |||
Section 1.03 Incorporation by Reference of Trust Indenture Act | 38 | |||
Section 1.04 Rules of Construction | 38 | |||
Section 1.05 Acts of Holders | 39 | |||
ARTICLE 2 | ||||
THE NOTES | ||||
Section 2.01 Form and Dating; Terms | 40 | |||
Section 2.02 Execution and Authentication | 41 | |||
Section 2.03 Registrar and Paying Agent | 41 | |||
Section 2.04 Paying Agent to Hold Money in Trust | 42 | |||
Section 2.05 Holder Lists | 42 | |||
Section 2.06 Transfer and Exchange | 42 | |||
Section 2.07 Replacement Notes | 55 | |||
Section 2.08 Outstanding Notes | 55 | |||
Section 2.09 Treasury Notes | 56 | |||
Section 2.10 Temporary Notes | 56 | |||
Section 2.11 Cancellation | 56 | |||
Section 2.12 Defaulted Interest | 56 | |||
Section 2.13 CUSIP and ISIN Numbers | 57 | |||
ARTICLE 3 | ||||
REDEMPTION | ||||
Section 3.01 Notices to Trustee | 57 | |||
Section 3.02 Selection of Notes to Be Redeemed or Purchased | 57 | |||
Section 3.03 Notice of Redemption | 58 | |||
Section 3.04 Effect of Notice of Redemption | 59 | |||
Section 3.05 Deposit of Redemption or Purchase Price | 59 | |||
Section 3.06 Notes Redeemed or Purchased in Part | 59 | |||
Section 3.07 Optional Redemption | 60 | |||
Section 3.08 Mandatory Redemption | 61 | |||
Section 3.09 Asset Sales of Collateral | 61 | |||
Section 3.10 Asset Sales | 63 |
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ARTICLE 4 | ||||
COVENANTS | ||||
Section 4.01 Payment of Notes | 64 | |||
Section 4.02 Maintenance of Office or Agency | 65 | |||
Section 4.03 Reports and Other Information | 65 | |||
Section 4.04 Compliance Certificate | 66 | |||
Section 4.05 Taxes | 67 | |||
Section 4.06 Stay, Extension and Usury Laws | 67 | |||
Section 4.07 Limitation on Restricted Payments | 67 | |||
Section 4.08 Limitation on Prepayment or Modification of Existing Notes | 74 | |||
Section 4.09 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries | 74 | |||
Section 4.10 Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock | 76 | |||
Section 4.11 Asset Sales | 81 | |||
Section 4.12 Transactions with Affiliates | 84 | |||
Section 4.13 Liens | 86 | |||
Section 4.14 Corporate Existence | 87 | |||
Section 4.15 Offer to Repurchase upon Change of Control | 87 | |||
Section 4.16 Limitation on Guarantees of Indebtedness by Restricted Subsidiaries | 89 | |||
Section 4.17 Discharge and Suspension of Covenants | 89 | |||
Section 4.18 After-Acquired Collateral | 90 | |||
ARTICLE 5 | ||||
SUCCESSORS | ||||
Section 5.01 Merger, Consolidation or Sale of All or Substantially All Assets | 91 | |||
Section 5.02 Successor Corporation Substituted | 93 | |||
ARTICLE 6 | ||||
DEFAULTS AND REMEDIES | ||||
Section 6.01 Events of Default | 93 | |||
Section 6.02 Acceleration | 95 | |||
Section 6.03 Other Remedies | 96 | |||
Section 6.04 Waiver of Past Defaults | 96 | |||
Section 6.05 Control by Majority | 96 | |||
Section 6.06 Limitation on Suits | 96 | |||
Section 6.07 Rights of Holders of Notes to Receive Payment | 97 | |||
Section 6.08 Collection Suit by Trustee | 97 | |||
Section 6.09 Restoration of Rights and Remedies | 97 | |||
Section 6.10 Rights and Remedies Cumulative | 97 | |||
Section 6.11 Delay or Omission Not Waiver | 97 | |||
Section 6.12 Trustee May File Proofs of Claim | 98 | |||
Section 6.13 Priorities | 98 | |||
Section 6.14 Undertaking for Costs | 99 |
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ARTICLE 7 | ||||
TRUSTEE | ||||
Section 7.01 Duties of Trustee | 99 | |||
Section 7.02 Rights of Trustee | 100 | |||
Section 7.03 Individual Rights of Trustee | 101 | |||
Section 7.04 Trustee’s Disclaimer | 101 | |||
Section 7.05 Notice of Defaults | 101 | |||
Section 7.06 Reports by Trustee to Holders of the Notes | 101 | |||
Section 7.07 Compensation and Indemnity | 102 | |||
Section 7.08 Replacement of Trustee | 102 | |||
Section 7.09 Successor Trustee by Merger, etc | 103 | |||
Section 7.10 Eligibility; Disqualification | 103 | |||
Section 7.11 Preferential Collection of Claims Against Issuer | 104 | |||
ARTICLE 8 | ||||
LEGAL DEFEASANCE AND COVENANT DEFEASANCE | ||||
Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance | 104 | |||
Section 8.02 Legal Defeasance and Discharge | 104 | |||
Section 8.03 Covenant Defeasance | 105 | |||
Section 8.04 Conditions to Legal or Covenant Defeasance | 105 | |||
Section 8.05 Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions | 106 | |||
Section 8.06 Repayment to Issuer | 107 | |||
Section 8.07 Reinstatement | 107 | |||
ARTICLE 9 | ||||
AMENDMENT, SUPPLEMENT AND WAIVER | ||||
Section 9.01 Without Consent of Holders of Notes | 107 | |||
Section 9.02 With Consent of Holders of Notes | 109 | |||
Section 9.03 Compliance with Trust Indenture Act | 110 | |||
Section 9.04 Revocation and Effect of Consents | 111 | |||
Section 9.05 Notation on or Exchange of Notes | 111 | |||
Section 9.06 Trustee to Sign Amendments, etc | 111 | |||
Section 9.07 Payment for Consent | 111 | |||
ARTICLE 10 | ||||
RANKING OF NOTE LIENS | ||||
Section 10.01 Relative Rights | 112 |
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ARTICLE 11 | ||||
COLLATERAL | ||||
Section 11.01 Security Documents | 113 | |||
Section 11.02 First Lien Collateral Agent | 113 | |||
Section 11.03 Authorization of Actions to Be Taken | 114 | |||
Section 11.04 Release of Collateral | 115 | |||
Section 11.05 Filing, Recording and Opinions | 116 | |||
Section 11.06 Powers Exercisable by Receiver or Trustee | 116 | |||
Section 11.07 Release upon Termination of the Issuer’s Obligations | 116 | |||
Section 11.08 Designations | 117 | |||
ARTICLE 12 | ||||
GUARANTEES | ||||
Section 12.01 Guarantee | 117 | |||
Section 12.02 Limitation on Guarantor Liability | 119 | |||
Section 12.03 Execution and Delivery | 119 | |||
Section 12.04 Subrogation | 119 | |||
Section 12.05 Benefits Acknowledged | 120 | |||
Section 12.06 Release of Guarantees | 120 | |||
ARTICLE 13 | ||||
SATISFACTION AND DISCHARGE | ||||
Section 13.01 Satisfaction and Discharge | 120 | |||
Section 13.02 Application of Trust Money | 121 | |||
ARTICLE 14 | ||||
MISCELLANEOUS | ||||
Section 14.01 Trust Indenture Act Controls | 122 | |||
Section 14.02 Notices | 122 | |||
Section 14.03 Communication by Holders of Notes with Other Holders of Notes | 123 | |||
Section 14.04 Certificate and Opinion as to Conditions Precedent | 123 | |||
Section 14.05 Statements Required in Certificate or Opinion | 123 | |||
Section 14.06 Rules by Trustee and Agents | 124 | |||
Section 14.07 No Personal Liability of Directors, Officers, Employees and Stockholders | 124 | |||
Section 14.08 Governing Law | 124 | |||
Section 14.09 Waiver of Jury Trial | 124 | |||
Section 14.10 Force Majeure | 124 | |||
Section 14.11 No Adverse Interpretation of Other Agreements | 124 | |||
Section 14.12 Successors | 124 | |||
Section 14.13 Severability | 125 | |||
Section 14.14 Counterpart Originals | 125 | |||
Section 14.15 Table of Contents, Headings, etc | 125 |
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Section 14.16 Qualification of Indenture | 125 | |||
Section 14.17 USA Patriot Act | 125 |
SCHEDULES | ||
Schedule I | Guarantors |
EXHIBITS | ||
Exhibit A | Form of Note | |
Exhibit B | Form of Certificate of Transfer | |
Exhibit C | Form of Certificate of Exchange | |
Exhibit D | Form of Supplemental Indenture to Be Delivered by Subsequent Guarantors |
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Defined in | ||||
Term | Section | |||
“Acceptable Commitment” | 4.11 | |||
“Affiliate Transaction” | 4.12 | |||
“Asset Sale Offer” | 4.11 | |||
“Authentication Order” | 2.02 | |||
“Change of Control Offer” | 4.15 | |||
“Change of Control Payment” | 4.15 | |||
“Change of Control Payment Date” | 4.15 | |||
“Collateral Asset Sale Offer” | 4.11 | |||
“Collateral Excess Proceeds” | 4.11 | |||
“Collateral Offer Amount” | 3.09 | |||
“Collateral Offer Period” | 3.09 | |||
“Collateral Purchase Date” | 3.09 | |||
“Covenant Defeasance” | 8.03 | |||
“Covenant Suspension Event” | 4.17 | |||
“DTC” | 2.03 | |||
“Event of Default” | 6.01 | |||
“Excess Proceeds” | 4.11 | |||
“incur” | 4.10 | |||
“Legal Defeasance” | 8.02 | |||
“Note Register” | 2.03 | |||
“Offer Amount” | 3.10 | |||
“Offer Period” | 3.10 | |||
“Paying Agent” | 2.03 | |||
“Purchase Date” | 3.10 | |||
“Redemption Date” | 3.07 | |||
“Refinancing Indebtedness” | 4.10 | |||
“Refunding Capital Stock” | 4.07 | |||
“Registrar” | 2.03 | |||
“Restricted Payments” | 4.07 | |||
“Reversion Date” | 4.17 | |||
“Second Commitment” | 4.11 | |||
“Special 144A Global Note” | 2.06 | (k) | ||
“Successor Company” | 5.01 | |||
“Successor Person” | 5.01 | |||
“Suspended Covenants” | 4.17 | |||
“Suspension Period” | 4.17 | |||
“Treasury Capital Stock” | 4.07 |
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Year | Percentage | |||
2015 | 103.625 | % | ||
2016 | 102.417 | % | ||
2017 | 101.208 | % | ||
2018 and thereafter | 100.000 | % |
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Section 4.10 | Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock. |
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Section 8.05 | Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions. |
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One Park Plaza
Nashville, Tennessee 37203
Fax No.: (615) 344-1531
Attention: General Counsel
400 Madison Avenue
New York, New York 10017
Fax No.: (212) 750-1361
Attention: Corporate Trust Administration
c/o Deutsche Bank National Trust Company
Trust & Securities Services
100 Plaza One, Mailstop JCY03-0699
Jersey City, New Jersey 07311
Fax No.: (732) 578-4635
Attn: Corporates Team Deal Manager — HCA Inc.
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HCA INC. | ||||
By: | /s/ David G. Anderson | |||
Name: | David G. Anderson | |||
Title: | Senior Vice President — Finance and Treasurer | |||
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Each of the GUARANTORS listed on Schedule I hereto | ||||
By: | /s/ R. Milton Johnson | |||
Name: | R. Milton Johnson | |||
Title: | Senior Vice President | |||
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LAW DEBENTURE TRUST COMPANY OF NEW YORK, as Trustee | ||||
By: | /s/ James D. Heaney | |||
Name: | James D. Heaney | |||
Title: | Managing Director | |||
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DEUTSCHE BANK TRUST COMPANY AMERICAS, as Paying Agent, Registrar and Transfer Agent | ||||
By: | Deutsche Bank National Trust Company | |||
By: | /s/ Cynthia J. Powell | |||
Name: | Cynthia J. Powell | |||
Title: | Vice President | |||
By: | /s/ Irina Golovashchuk | |||
Name: | Irina Golovashchuk | |||
Title: | Assistant Vice President | |||
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Bay Hospital, Inc.
Brigham City Community Hospital, Inc.
Brookwood Medical Center of Gulfport, Inc.
Capital Division, Inc.
Centerpoint Medical Center of Independence, LLC
Central Florida Regional Hospital, Inc.
Central Shared Services, LLC
Central Tennessee Hospital Corporation
CHCA Bayshore, L.P.
CHCA Conroe, L.P.
CHCA Mainland, L.P.
CHCA West Houston, L.P.
CHCA Woman’s Hospital, L.P.
Chippenham & Johnston-Willis Hospitals, Inc.
CMS GP, LLC
Colorado Health Systems, Inc.
Columbia ASC Management, L.P.
Columbia Jacksonville Healthcare System, Inc.
Columbia LaGrange Hospital, Inc.
Columbia Medical Center of Arlington Subsidiary, L.P.
Columbia Medical Center of Denton Subsidiary, L.P.
Columbia Medical Center of Las Colinas, Inc.
Columbia Medical Center of Lewisville Subsidiary, L.P.
Columbia Medical Center of McKinney Subsidiary, L.P.
Columbia Medical Center of Plano Subsidiary, L.P.
Columbia North Hills Hospital Subsidiary, L.P.
Columbia Ogden Medical Center, Inc.
Columbia Parkersburg Healthcare System, LLC
Columbia Plaza Medical Center of Fort Worth Subsidiary, L.P.
Columbia Polk General Hospital, Inc.
Columbia Rio Grande Healthcare, L.P.
Columbia Riverside, Inc.
Columbia Valley Healthcare System, L.P.
Columbia/Alleghany Regional Hospital, Incorporated
Columbia/HCA John Randolph, Inc.
Columbine Psychiatric Center, Inc.
Columbus Cardiology, Inc.
Conroe Hospital Corporation
Dallas/Ft. Worth Physician, LLC
Dauterive Hospital Corporation
Dublin Community Hospital, LLC
Eastern Idaho Health Services, Inc.
Edmond Regional Medical Center, LLC
Edward White Hospital, Inc.
El Paso Surgicenter, Inc.
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EP Health, LLC
Fairview Park GP, LLC
Fairview Park, Limited Partnership
Frankfort Hospital, Inc.
Galen Property, LLC
General Healthserv, LLC
Good Samaritan Hospital, L.P.
Goppert-Trinity Family Care, LLC
GPCH-GP, Inc.
Grand Strand Regional Medical Center, LLC
Green Oaks Hospital Subsidiary, L.P.
Greenview Hospital, Inc.
HCA — IT&S Field Operations, Inc.
HCA — IT&S Inventory Management, Inc.
HCA Central Group, Inc.
HCA Health Services of Florida, Inc.
HCA Health Services of Louisiana, Inc.
HCA Health Services of Oklahoma, Inc.
HCA Health Services of Tennessee, Inc.
HCA Health Services of Virginia, Inc.
HCA Management Services, L.P.
HCA Realty, Inc.
HD&S Corp. Successor, Inc.
Health Midwest Office Facilities Corporation
Health Midwest Ventures Group, Inc.
Healthtrust MOB, LLC
Hendersonville Hospital Corporation
Hospital Corporation of Tennessee
Hospital Corporation of Utah
Hospital Development Properties, Inc.
HSS Holdco, LLC
HSS Systems VA, LLC
HSS Systems, LLC
HSS Virginia, L.P.
HTI Memorial Hospital Corporation
Integrated Regional Lab, LLC
Integrated Regional Laboratories, LLP
JFK Medical Center Limited Partnership
KPH-Consolidation, Inc.
Lakeland Medical Center, LLC
Lakeview Medical Center, LLC
Largo Medical Center, Inc.
Las Vegas Surgicare, Inc.
Lawnwood Medical Center, Inc.
Lewis-Gale Hospital, Incorporated
Lewis-Gale Medical Center, LLC
Lewis-Gale Physicians, LLC
Los Robles Regional Medical Center
Management Services Holdings, Inc.
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Marion Community Hospital, Inc.
MCA Investment Company
Medical Centers of Oklahoma, LLC
Medical Office Buildings of Kansas, LLC
Memorial Healthcare Group, Inc.
Midwest Division — ACH, LLC
Midwest Division — LRHC, LLC
Midwest Division — LSH, LLC
Midwest Division — MCI, LLC
Midwest Division — MMC, LLC
Midwest Division — OPRMC, LLC
Midwest Division — PFC, LLC
Midwest Division — RBH, LLC
Midwest Division — RMC, LLC
Midwest Division — RPC, LLC
Midwest Holdings, Inc.
Montgomery Regional Hospital, Inc.
Mountain View Hospital, Inc.
Nashville Shared Services General Partnership
National Patient Account Services, Inc.
New Port Richey Hospital, Inc.
New Rose Holding Company, Inc.
North Florida Immediate Care Center, Inc.
North Florida Regional Medical Center, Inc.
Northern Utah Healthcare Corporation
Northern Virginia Community Hospital, LLC
Northlake Medical Center, LLC
Notami Hospitals of Louisiana, Inc.
Notami Hospitals, LLC
Okaloosa Hospital, Inc.
Okeechobee Hospital, Inc.
Outpatient Cardiovascular Center of Central Florida, LLC
Palms West Hospital Limited Partnership
Palmyra Park Hospital, Inc.
Pasadena Bayshore Hospital, Inc.
Plantation General Hospital Limited Partnership
Pulaski Community Hospital, Inc.
Redmond Park Hospital, LLC
Redmond Physician Practice Company
The Regional Health System of Acadiana, LLC
Reston Hospital Center, LLC
Retreat Hospital, LLC
Rio Grande Regional Hospital, Inc.
Riverside Healthcare System, L.P.
Riverside Hospital, Inc.
Samaritan, LLC
San Jose Healthcare System, LP
San Jose Hospital, L.P.
San Jose Medical Center, LLC
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Sarasota Doctors Hospital, Inc.
SJMC, LLC
Southern Hills Medical Center, LLC
Spotsylvania Medical Center, Inc.
Spring Branch Medical Center, Inc.
Spring Hill Hospital, Inc.
St. Mark’s Lone Peak Hospital, Inc.
Sun City Hospital, Inc.
Sunrise Mountainview Hospital, Inc.
Surgicare of Brandon, Inc.
Surgicare of Florida, Inc.
Surgicare of Houston Women’s, Inc.
Surgicare of Manatee, Inc.
Surgicare of Newport Richey, Inc.
Surgicare of Palms West, LLC
Surgicare of Riverside, LLC
Tallahassee Medical Center, Inc.
TCMC Madison-Portland, Inc.
Terre Haute Hospital GP, Inc.
Terre Haute Hospital Holdings, Inc.
Terre Haute MOB, L.P.
Terre Haute Regional Hospital, L.P.
Timpanogos Regional Medical Services, Inc.
Trident Medical Center, LLC
Utah Medco, LLC
VH Holdco, Inc.
VH Holdings, Inc.
Virginia Psychiatric Company, Inc.
W & C Hospital, Inc.
Walterboro Community Hospital, Inc.
Wesley Medical Center, LLC
West Florida Regional Medical Center, Inc.
West Valley Medical Center, Inc.
Western Plains Capital, Inc.
WHMC, Inc.
Woman’s Hospital of Texas, Incorporated
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ISIN [ ]1
71/4% Senior Secured Notes due 2020
No. ___ | [$ ] |
1 | CUSIP Numbers: 144A Notes: 404121 AA3 Reg S Notes: U24788 AG3 | |
ISIN Numbers: 144A Notes: US404121 AA30 Reg S Notes: USU24788AG37 |
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HCA INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
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LAW DEBENTURE TRUST COMPANY OF NEW YORK, as Trustee | ||||
By: | ||||
Authorized Signatory | ||||
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Year | Percentage | |||
2015 | 103.625 | % | ||
2016 | 102.417 | % | ||
2017 | 101.208 | % | ||
2018 and thereafter | 100.000 | % |
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One Park Plaza
Nashville, Tennessee 37203
Fax No.: (615) 344-1531
Attention: General Counsel
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Your Signature: | ||||
(Sign exactly as your name appears on the face of this Note) | ||||
* | Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). |
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Your Signature: | ||||
(Sign exactly as your name appears on the face of this Note) |
Tax Identification No.: | ||||
* | Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). |
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Amount of increase | Principal Amount of | Signature of | ||||||||||||||||
Amount of decrease | in Principal | this Global Note | authorized officer | |||||||||||||||
in Principal Amount | Amount of this | following such | of Trustee or | |||||||||||||||
Date of Exchange | of this Global Note | Global Note | decrease or increase | Notes Registrar |
* | This schedule should be included only if the Note is issued in global form. |
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One Park Plaza
Nashville, Tennessee 37203
Fax No.: (615) 344-1531
Attention: General Counsel
c/o Deutsche Bank National Trust Company
Trust & Securities Services
100 Plaza One, Mailstop JCY03-0699
Jersey City, New Jersey 07311
Fax No.: (732) 578-4635
Attn: Corporates Team Deal Manager — HCA Inc.
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2 | The Transferor may insert a different period under the circumstances set forth in the proviso to Section 2.06(k), subject to the delivery of any documentation requested pursuant to Section 2.06(k). |
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[Insert Name of Transferor] | ||||
By: | ||||
Name: | ||||
Title: | ||||
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1. | The Transferor owns and proposes to transfer the following: |
(a) | [ ] a beneficial interest in the: |
(i) | [ ] 144A Global Note (CUSIP [ ]), or | ||
(ii) | [ ] Regulation S Global Note (CUSIP [ ]), or | ||
(iii) | [ ] Special 144A Global Note (CUSIP [ ]), or |
(b) | [ ] a Restricted Definitive Note. | |
2. | After the Transfer the Transferee will hold: |
(a) | [ ] a beneficial interest in the: |
(i) | [ ] 144A Global Note (CUSIP [ ]), or | ||
(ii) | [ ] Regulation S Global Note (CUSIP [ ]), or | ||
(iii) | [ ] Special 144A Global Note (CUSIP [ ]), or | ||
(iv) | [ ] Unrestricted Global Note (CUSIP [ ]); or |
(b) | [ ] a Restricted Definitive Note; or | |
(c) | [ ] an Unrestricted Definitive Note, in accordance with the terms of the Indenture. |
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One Park Plaza
Nashville, Tennessee 37203
Fax No.: (615) 344-1531
Attention: General Counsel
c/o Deutsche Bank National Trust Company
Trust & Securities Services
100 Plaza One, Mailstop JCY03-0699
Jersey City, New Jersey 07311
Fax No.: (732) 578-4635
Attn: Corporates Team Deal Manager — HCA Inc.
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[Insert Name of Transferor] | ||||
By: | ||||
Name: | ||||
Title: | ||||
3 | The Owner may insert a different period under the circumstances set forth in the proviso to Section 2.06(k), subject to the delivery of any documentation requested pursuant to Section 2.06(k). |
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TO BE DELIVERED BY SUBSEQUENT GUARANTORS]
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[GUARANTEEING SUBSIDIARY] | ||||
By: | ||||
Name: | ||||
Title: | ||||
LAW DEBENTURE TRUST COMPANY OF NEW YORK, as Trustee | ||||
By: | ||||
Name: | ||||
Title: | ||||
DEUTSCHE BANK TRUST COMPANY AMERICAS, as Paying Agent, Registrar and Transfer Agent | ||||
By: | Deutsche Bank National Trust Company | |||
By: | ||||
Name: | ||||
Title: | ||||
By: | ||||
Name: | ||||
Title: | ||||
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BANK OF AMERICA, N.A., as First Lien Collateral Agent | ||||
By: | /s/ David H. Strickert | |||
Name: | David H. Strickert | |||
Title: | Senior Vice President | |||
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THE BANK OF NEW YORK MELLON, as Junior Lien Collateral Agent and as 2006 Second Lien Trustee | ||||
By: | /s/ MARY MISELIS | |||
Name: | MARY MISELIS | |||
Title: | VICE PRESIDENT | |||
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as 2009 Second Lien Trustee | ||||
By: | ||||
Name: | ||||
Title: | ||||
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THE BANK OF NEW YORK MELLON, as Junior Lien Collateral Agent and as 2006 Second Lien Trustee | ||||
By: | ||||
Name: | ||||
Title: | ||||
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as 2009 Second Lien Trustee | ||||
By: | /s/ LEE ANN WILLIS | |||
Name: LEE ANN WILLIS | ||||
Title: | Senior Associate | |||
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ADDITIONAL GENERAL INTERCREDITOR AGREEMENT
The Bank of New York Mellon, | ||
as Junior Lien Collateral Agent | ||
900 Ashwood Parkway, Suite 425 | ||
Atlanta, GA 30338 | ||
[Name of Additional Second Lien Trustee] | ||
[Address of Additional Second Lien Trustee] | ||
[Date] |
as First Lien Collateral Agent
[Address]
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Very truly yours, [NAME OF NEW SECOND LIEN TRUSTEE] | ||||
By: | ||||
Name: | ||||
Title: | ||||
THE BANK OF NEW YORK MELLON, as Junior Lien Collateral Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
Acknowledged and Agreed: BANK OF AMERICA, N.A., as First Lien Collateral Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
Consented to by: HCA Inc., a Delaware corporation | ||||
By: | ||||
Name: | ||||
Title: | ||||
The Grantors listed on Schedule I to the Security Agreement, each as Grantor | ||||
By: | ||||
Name: | ||||
Title: |
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HCA INC. | ||||
By: | /s/ David G. Anderson | |||
Name: | David G. Anderson | |||
Title: | Senior Vice President - Finance and Treasurer | |||
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Each of the GUARANTORS listed on Schedule I hereto | ||||
By: | /s/ R. Milton Johnson | |||
R. Milto Johnson | ||||
Senior Vice President | ||||
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as ABL Collateral Agent,
as New First Lien Collateral Agent
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Page No. | ||||||
ARTICLE 1 | ||||||
DEFINITIONS | ||||||
Section 1.1 | Definitions | 2 | ||||
Section 1.2 | Rules of Construction | 10 | ||||
ARTICLE 2 | ||||||
LIEN PRIORITY | ||||||
Section 2.1 | Priority of Liens | 11 | ||||
Section 2.2 | Waiver of Right to Contest Liens | 12 | ||||
Section 2.3 | Remedies Standstill | 12 | ||||
Section 2.4 | Exercise of Rights | 14 | ||||
Section 2.5 | No New Liens | 15 | ||||
Section 2.6 | Waiver of Marshaling | 16 | ||||
ARTICLE 3 | ||||||
ACTIONS OF THE PARTIES | ||||||
Section 3.1 | Certain Actions Permitted | 16 | ||||
Section 3.2 | Agent for Perfection | 16 | ||||
Section 3.3 | Inspection and Access Rights | 17 | ||||
Section 3.4 | Insurance | 17 | ||||
Section 3.5 | Exercise of Remedies—Set-off and Tracing of and Priorities in Proceeds | 17 | ||||
ARTICLE 4 | ||||||
APPLICATION OF PROCEEDS | ||||||
Section 4.1 | Application of Proceeds | 18 | ||||
Section 4.2 | Specific Performance | 20 | ||||
ARTICLE 5 | ||||||
INTERCREDITOR ACKNOWLEDGMENTS AND WAIVERS | ||||||
Section 5.1 | Notice of Acceptance and Other Waivers | 20 | ||||
Section 5.2 | Modifications to ABL Documents and New First Lien Documents | 21 | ||||
Section 5.3 | Reinstatement and Continuation of Agreement | 22 | ||||
ARTICLE 6 | ||||||
INSOLVENCY PROCEEDINGS | ||||||
Section 6.1 | DIP Financing | 23 |
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Page No. | ||||||
Section 6.2 | Relief from Stay | 24 | ||||
Section 6.3 | No Contest; Adequate Protection | 24 | ||||
Section 6.4 | Asset Sales | 25 | ||||
Section 6.5 | Separate Grants of Security and Separate Classification | 25 | ||||
Section 6.6 | Enforceability | 25 | ||||
Section 6.7 | ABL Obligations Unconditional | 26 | ||||
ARTICLE 7 | ||||||
MISCELLANEOUS | ||||||
Section 7.1 | Rights of Subrogation | 26 | ||||
Section 7.2 | Further Assurances | 26 | ||||
Section 7.3 | Representations | 27 | ||||
Section 7.4 | Amendments | 27 | ||||
Section 7.5 | Addresses for Notices | 28 | ||||
Section 7.6 | No Waiver; Remedies | 28 | ||||
Section 7.7 | Continuing Agreement; Transfer of Secured Obligations | 28 | ||||
Section 7.8 | Governing Law; Entire Agreement | 28 | ||||
Section 7.9 | Counterparts | 29 | ||||
Section 7.10 | No Third Party Beneficiaries | 29 | ||||
Section 7.11 | Headings | 29 | ||||
Section 7.12 | Severability | 29 | ||||
Section 7.13 | Attorneys Fees | 29 | ||||
Section 7.14 | VENUE; JURY TRIAL WAIVER | 29 | ||||
Section 7.15 | Intercreditor Agreement | 30 | ||||
Section 7.16 | Effectiveness | 30 | ||||
Section 7.17 | Collateral Agents | 30 | ||||
Section 7.18 | No Warranties or Liability | 30 | ||||
Section 7.19 | Conflicts | 30 | ||||
Section 7.20 | Information Concerning Financial Condition of the Credit Parties | 31 | ||||
Section 7.21 | Acknowledgement | 31 |
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DEFINITIONS
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LIEN PRIORITY
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ACTIONS OF THE PARTIES
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APPLICATION OF PROCEEDS
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INTERCREDITOR ACKNOWLEDGMENTS AND WAIVERS
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INSOLVENCY PROCEEDINGS
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MISCELLANEOUS
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BANK OF AMERICA, N.A., as ABL Collateral Agent | ||||
By: | /s/ William J. Wilson | |||
Name: | William J. Wilson | |||
Title: | Senior Vice President | |||
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BANK OF AMERICA, N.A., as New First Lien Collateral Agent | ||||
By: | /s/ David H. Strickert | |||
Name: | David H. Strickert | |||
Title: | Senior Vice President | |||
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HCA INC. | ||||
By: | /s/ David G. Anderson | |||
Name: | David G. Anderson | |||
Title: | Senior Vice President - Finance and Treasurer | |||
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Each of the GUARANTORS listed on Schedule I hereto | ||||
By: | /s/ R. Milton Johnson | |||
R. Milton Johnson | ||||
Senior Vice President | ||||