The Firm represented American Renal Holdings Company, Inc. (the “Company”) in connection with a 144A/Regulation S offering of $135 million 9.75%/10.50% Senior PIK Toggle Notes due 2016. The net proceeds of the offering are being used to pay a dividend to the Company’s equity holders.
American Renal Holdings Company, Inc. is the indirect parent company of American Renal Holdings Inc. (“ARH”), a national provider of kidney dialysis services. ARH and its physician partners own and operate 88 dialysis clinics in 17 states across the United States.
The Simpson Thacher team for the transaction included, among others, Stephan Feder, Rafael Berckholtz and Louie Pastor (Capital Markets), Caroline Gottschalk, Atif Azher and Stephanie Rotter (M&A), Jonathan Cantor, Noah Beck and Andrew Purcell (Tax), and Greg Grogan and Douglas Tang (Executive Compensation and Employee Benefits). Paralegals Yvonne Colebank and Allison Nichols also provided invaluable assistance.