Investing.com - Tenet Healthcare Corporation (NYSE:THC) shares were moving higher on Friday, rebounding after falling to a one-year low in the prior session.
On Friday, Tenet Healthcare Corporation called for the redemption of the entire $250 million aggregate principal amount of its outstanding 8% Senior Notes due 2020.
The notes will be redeemed on September 11, 2017, at a redemption price equal to 101.333% of the principal amount of the notes being redeemed together with interest accrued and unpaid up until the Redemption Date.
Tenet's shares were up over 5% at $14.02 in the minutes before closing bell. They fell to a 52-week low of $13.21 on Thursday.