Simpson Thacher Represents HCA Inc. in Refinancing
05.08.12
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Simpson Thacher recently represented HCA Inc. in extending a portion of its existing $13.55 billion/€1.0 billion senior secured cash flow credit facility. To effect these changes, HCA Inc. entered into an extension amendment with the lenders, pursuant to which the credit agreement was amended to extend the maturity date of approximately $75 million of the principal amount of the Company’s tranche A-1 term loans and $650 million of the principal amount of the Company’s tranche B-1 term loans under the Credit Agreement.
HCA Inc., a portfolio company of KKR, is the largest non-governmental hospital provider in the United States and a leading comprehensive, integrated provider of health care and related services.
The Simpson Thacher team for this transaction included James Cross, Brian Gluck, Andrew Veit, Andrea Sung and Rodrigo Surcan dos Santos (Banking and Credit), Joseph Kaufman and Paige Fleming (Capital Markets) and Krista McManus (Real Estate). Paralegals Rebecca Warner and Alexandra Grossbaum provided invaluable assistance.