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.