Simpson Thacher Represents HCA Inc. in Refinancing
05.10.11
This is only gets display when printing
The Firm recently represented HCA Inc. in steps designed to increase its flexibility and options and to extend the maturities of certain of its term loans. To effect these changes, HCA Inc. entered into restatement agreements with the lenders under its existing $13.55 billion/€1.0 billion senior secured cash flow credit facility and $2.0 billion senior secured asset-based credit facility, pursuant to which the credit agreements were amended and restated to among other things, remove certain restrictions on HCA Inc.’s ability to issue new first lien, second lien and unsecured debt.
HCA Inc., a portfolio company of KKR, is the largest non-governmental hospital operator in the United States and a leading comprehensive, integrated provider of health care and related services.
The Simpson Thacher team for these transactions included James Cross, Brian Gluck and Andrea Sung (Banking and Credit), Joseph Kaufman and Ellen Smiley (Capital Markets), Krista McManus (Real Estate) and Jonathan Goldstein (Tax). Paralegal Alexandra McNicholas provided valuable assistance.