Simpson Thacher represented Mozart Holdings, LP (“Medline”) in connection with a Rule 144A/Regulation S offering of $1 billion aggregate principal amount of 6.250% Senior Secured Notes due 2029 (the “Notes”) by certain of Medline’s subsidiaries.
In addition, the Firm represented Medline in connection with an amendment to its existing credit agreement, which provided for the incurrence of new senior secured term loans in an aggregate principal amount of $6,142.8 million.
Medline used the net proceeds of the Notes offering, together with cash on hand, to refinance all of the outstanding senior secured term loans under its existing credit agreement and to pay fees and expenses related to the offering and the new senior secured term loans.
Medline is one of the nation’s largest suppliers of medical-surgical products to healthcare providers across the continuum of care.
The Simpson Thacher team for the transaction included Jonathan Ozner, Benjamin Heriaud, Ben Pittenger and Ryan Brown (Capital Markets); Brian Gluck, Adam Moss, Kyle Nelson and Roey Vardi (Banking and Credit); Jon Pall (Collateral); Courtney Welshimer and Rachelle Broida (Intellectual Property); Vanessa Burrows and Nawa Lodin (Healthcare); Michael Mann and Eli Shalam (Tax); Ari Goldman, Erik Quarfordt and Alexa Effron (Real Estate); and Gary Tashjian and Guanxiong Xu (Executive Compensation and Employee Benefits).