Simpson Thacher Represents HCA Inc. in $1.4 Billion High Yield Offering
03.11.10
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Simpson Thacher represented HCA Inc. in an issuance of $1.4 billion of 7¼% Senior Secured Notes due 2020 on March 10, 2010. The notes are first lien notes and share in the collateral with HCA’s general credit facility and existing first lien notes. HCA used the net proceeds to repay term loans under the general credit 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, Joseph Kaufman, Jason Ewart, Craig Katerberg and paralegal Andre Sim (Capital Markets); Erik Hepler and Andrea Sung (Credit); Mindy Lok (IP); Krista McManus (Real Estate); Eric Sarabia (Executive Compensation and Employee Benefits); Jonathan Cantor and Jennifer Klein (Tax); and Mike Isby and Tim Mulvihill (Environmental).