Simpson Thacher Represents HCA Inc. in $1.25 Billion High Yield Offering
08.17.09
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Simpson Thacher represented HCA Inc. in an issuance of $1.25 billion of 7 7/8% Senior Secured Notes due 2020 on August 11, 2009. The notes are first lien notes and share in the collateral with HCA’s general credit facility. HCA used the net proceeds to repay term loans under that facility.
HCA is one of the leading health care services companies in the United States and operates 163 hospitals in 20 states and in England. The company is owned by affiliates of Bain Capital Partners, KKR and Merrill Lynch Global Private Equity, now a subsidiary of Bank of America Corporation.
The Simpson Thacher team included John Ericson, Ellen Smiley, Jason Ewart and paralegal Karla Johnson (Capital Markets); Jean Chen, Cindy Fox and paralegal Tiffany Vacca (Credit); Brian McCloskey (IP); Krista McManus (Real Estate); Jonathan Cantor and Jennifer Klein (Tax); and Mike Isby and Tim Mulvihill (Environment).