Community Health Systems, Inc.’s $1 Billion ABL Credit Facility
April 03, 2018
Cravath represented JPMorgan Chase Bank, N.A., as agent and arranger, in connection with the arrangement of a $1 billion asset based revolving credit facility made available to CHS/Community Health Systems, Inc., to be used to repay certain existing indebtedness, and for working capital and other general corporate purposes. The transaction closed on April 3, 2018.
The Cravath team included partner Stephen M. Kessing, senior attorney Sarah F. Rosen and associates Joshua S. Aronoff, Timothy N. Nguyen and Ari B. Ruffer on banking matters; associate Rebecca L. Fine on tax matters; and associates Christopher C. Gonnella and Philip F. Schreiber on executive compensation and benefits matters.
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J.D., 2005, Duke Law SchoolOrder of the Coif, magna cum laude
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M.B.A., 2001, University of Southern California
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B.S., 1995, Miami University of Ohio
- New York
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J.D., 2005, Columbia Law SchoolHarlan Fiske Stone Scholar
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B.A., 2002, New York Universitymagna cum laude
- New York
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Deals & Cases
June 17, 2024
Community Health Systems, Inc.’s $1.225 Billion High‑Yield Senior Secured Notes Offering
Cravath represented the initial purchasers in connection with the $1.225 billion 144A/Reg. S high‑yield senior secured notes offering of CHS/Community Health Systems, Inc. CHS/Community Health Systems, Inc., together with its parent company, Community Health Systems, Inc., is one of the nation’s largest healthcare companies. The transaction closed on June 5, 2024.
Deals & Cases
January 24, 2024
Community Health Systems, Inc.’s $1 Billion High‑Yield Senior Secured Notes Offering and Concurrent Cash Tender Offer
Cravath represented the initial purchasers in connection with the $1 billion 144A/Reg. S high‑yield senior secured notes offering of CHS/Community Health Systems, Inc. CHS/Community Health Systems, Inc., together with its parent company, Community Health Systems, Inc., is one of the nation’s largest healthcare companies. Cravath also represented the dealer manager in connection with the concurrent $985 million cash tender offer. The high‑yield senior secured notes offering closed on December 22, 2023, and the cash tender offer closed on January 10, 2024.
