Tenet Receives Default Notice on Notes

Tenet Healthcare Corp., the second-largest U.S. hospital chain, said Friday that it received a notice of default from note holders related to a missed filing deadline.

Holders of $139.9 million of Tenet’s senior notes delivered the notice asserting that the company failed to file a quarterly report on time with the Securities and Exchange Commission, Tenet said in an SEC filing. Tenet has 90 days to correct the default by filing the second-quarter report, it said.

“We expect to file within this 90-day window,” spokesman Steven Campanini said. A total of $450 million of the notes are outstanding, Tenet said.