HCA Completes $3 Billion of Debt Financing Transactions
03.23.16
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Simpson Thacher recently represented HCA Inc. in $3 billion of debt financing transactions, consisting of an issuance of $1.5 billion of 5.25% Senior Secured Notes due 2026 and a new $1.5 billion senior secured term loan facility. HCA used a portion of the net proceeds to repay an existing $1.955 billion term loan facility and intends to use the remaining net proceeds for general corporate purposes.
HCA is the largest non-governmental hospital operator in the U.S. and a leading comprehensive, integrated provider of healthcare and related services.
The Simpson Thacher teams for these transactions included Joe Kaufman, Katerina Kousoula, Derek Stueben and Joshua Dell (Capital Markets); Brian Gluck, Sophia Karas and Christian Jackson (Banking and Credit); Alina Grinman (Executive Compensation and Employee Benefits); Jonathan Cantor and Andrew Purcell (Tax); and Janet Nadile and Jonathan Pall (Collateral).