Summary
This Form 8-K filing by HCA Holdings, Inc. (HCA) on February 15, 2013, reports on the entry into a material definitive agreement concerning an underwritten offering of common stock. Specifically, the company and selling shareholders entered into an Underwriting Agreement with Citigroup Global Markets Inc. and Barclays Capital Inc. as underwriters. This agreement pertains to the sale of 50,000,000 shares of HCA's common stock, with all shares being sold by existing shareholders. The transaction, which was completed on February 15, 2013, involved the underwriters purchasing these shares at a price of $35.87 per share. This offering was made pursuant to a previously filed Registration Statement on Form S-3. Investors should note that this is a secondary offering, meaning no new capital is being raised by HCA itself, but rather existing shareholders are divesting their holdings.
Key Highlights
- 1HCA Holdings, Inc. (HCA) entered into an Underwriting Agreement on February 11, 2013.
- 2The agreement facilitated an underwritten offering of 50,000,000 shares of HCA's common stock.
- 3All 50,000,000 shares were sold by selling shareholders, not by the company itself (secondary offering).
- 4The underwriters, Citigroup Global Markets Inc. and Barclays Capital Inc., purchased the shares at $35.87 per share.
- 5The offering was completed on February 15, 2013.
- 6The offering was made under HCA's existing Registration Statement on Form S-3.
- 7The filing details a material definitive agreement related to the sale of a significant number of shares.