Arrangement of $1.38 Billion of Financing for Quorum Health Corporation’s Spin‑Off from Community Health Systems
April 29, 2016
Cravath represented the initial purchasers, led by Credit Suisse, in connection with the US$400 million high yield senior debt offering of Quorum Health Corporation. Cravath also represented the agent and arranger, Credit Suisse, in connection with the arrangement of an aggregate of US$980 million of senior secured credit facilities for Quorum Health Corporation. The financing transactions were consummated in connection with Quorum Health Corporation’s spin‑off from Community Health Systems in April 2016.
The Cravath team was led by partners Joseph D. Zavaglia and Stephen M. Kessing and included associates Edward J. Reed and Alex L. Winkelman on securities matters and associates Joshua Ayal and Peter H. Webb on banking matters.
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J.D., 2004, Brooklyn Law SchoolValedictorian, summa cum laude
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B.B.A., 2001, College of Insurancecum laude
- New York
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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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