The Firm recently represented Apria Healthcare Group Inc. ("Apria"), a portfolio company of The Blackstone Group, in connection with the offering of $700 million aggregate principal amount of 11.25% Senior Secured Notes due 2014 (Series A-1) and the related amendments to Apria's senior secured bridge credit agreement and senior secured asset-based revolving credit facility. The proceeds of the offering will be used to repay a portion of the loans outstanding under the Company's senior secured bridge credit agreement that was entered into in connection with the acquisition of Apria by affiliates of The Blackstone Group in October 2008.
Apria is the largest provider of home healthcare products and services in the United States, offering a comprehensive range of home respiratory therapy, home infusion therapy and home medical equipment services to over 2 million patients annually in all 50 states through approximately 550 locations.
The Simpson Thacher team included Ed Tolley, Sylvia Park and Euwyn Poon (Capital Markets & Securities), Alden Millard, Erik Hepler, Josh Koenig, Dan Kay and Nick Schwartz (Credit), Bill Dougherty, Kevin Lehpamer and Pierre-Luc Arsenault (M&A), Gary Mandel, Jonathan Cantor and Jonathan Talansky (Tax), Greg Grogan, Jeanne Annarumma and Wonda Quinn (Executive Compensation and Employee Benefits), Elisha Graff (Bankruptcy) and Ivan Rothman (Intellectual Property). Paralegal Dennis Corkery also provided valuable assistance.