HCA Completes $2.4 Billion of Debt Financing Transactions
08.16.16
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Simpson Thacher recently represented HCA Inc. in $2.4 billion of debt financing transactions, consisting of an issuance of $1.2 billion of 4.500% Senior Secured Notes due 2027 and a new $1.2 billion senior secured term loan facility. HCA used a portion of the net proceeds to repay an existing $2.308 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, Rodrigo Surcan dos Santos and Tracy Ke (Capital Markets); Brian Gluck, Leah Nudelman and Evan Zinaman (Banking and Credit); Alina Grinman (Executive Compensation and Employee Benefits); Jonathan Cantor and Andrew Purcell (Tax); and Janet Nadile and Jonathan Pall (Collateral). Summer Associate William Decker also provided valuable assistance.