UHS 424B5: Secondary offering

Filed with the SEC on · accession 0001193125-26-348053

UHS filed a 424B5 (prospectus (offering)) with the SEC on Aug 13, 2026. Universal Health Services, Inc. is offering $600 million of 5.500% Senior Secured Notes due 2031 and $500 million of 6.000% Senior Secured Notes due 2036 in a registered public offering. The stock moved -0.7% by the first close after the filing.

Summary of the filing

Universal Health Services, Inc. is offering $600 million of 5.500% Senior Secured Notes due 2031 and $500 million of 6.000% Senior Secured Notes due 2036 in a registered public offering. The net proceeds will be used to repay existing notes and revolving credit facility borrowings, and for general corporate purposes.

Key details

Aggregate principal amount of 5.500% Senior Secured Notes due 2031$600.0M
Aggregate principal amount of 6.000% Senior Secured Notes due 2036$500.0M
Total offering amount$1.1B
Issue price for 2031 notes$100
Issue price for 2036 notes$99
IssuerUniversal Health Services, Inc.
UnderwriterJ.P. Morgan
UnderwriterBofA Securities
UnderwriterTruist Securities
UnderwriterUS Bancorp
UnderwriterWells Fargo Securities
UnderwriterGoldman Sachs & Co. LLC
UnderwriterNatWest
UnderwriterPNC Capital Markets LLC
UnderwriterTD Securities
UnderwriterFifth Third Securities
UnderwriterKeyBanc Capital Markets
UnderwriterMizuho

How UHS stock reacted

Close before

$172.45

Aug 12, 2026

First close after

-0.72%

$171.21

5 trading days

-0.07%

$172.33

Since filing

+13.37%

$195.50

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Frequently asked questions

What did UHS file with the SEC on Aug 13, 2026?

UHS filed a 424B5 (Secondary offering). Universal Health Services, Inc. is offering $600 million of 5.500% Senior Secured Notes due 2031 and $500 million of 6.000% Senior Secured Notes due 2036 in a registered public offering. The net proceeds will be used to repay existing notes and revolving credit facility borrowings, and for general corporate purposes.

What does a secondary offering mean for UHS stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did UHS stock react to this filing?

UHS closed at $172.45 before the filing and $171.21 on Aug 13, 2026 (-0.72%). Five trading days later: $172.33 (-0.07%).

Other UHS SEC filings

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