Community Health Systems Completes Refinancing
01.05.22
This is only gets display when printing
Simpson Thacher represented Community Health Systems, Inc. (NYSE: CYH) and its wholly-owned subsidiary CHS/Community Health Systems, Inc. in their entry into an Amendment and Restatement Agreement to refinance and replace their existing ABL Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders and other agents party thereto. Pursuant to the Amended and Restated ABL Credit Agreement, the lenders have extended to the Borrower a revolving asset-based loan facility in the maximum aggregate principal amount of $1 billion subject to borrowing base capacity.
Community Health Systems is one of the largest publicly traded hospital companies in the United States and a leading operator of general acute care hospitals and outpatient facilities in communities across the country.
The Simpson Thacher team included Mike Vernace and Mari Zaldivar (Banking and Credit); Andrew Purcell, Jon Cantor and Eli Shalam (Tax); and Tim Gallagher (Real Estate).