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News & Insights

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.

Related Practices & Industries

  • Corporate
  • Capital Markets
  • Banking and Credit
  • Healthcare and Life Sciences

People

Photo
Name
Joseph D. Zavaglia
Title
Corporate
Title
Partner
Email
jzavaglia@cravath.com
Phone
+1-212-474-1724
vCard
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    Education

    • J.D., 2004, Brooklyn Law School
      Valedictorian, summa cum laude
    • B.B.A., 2001, College of Insurance
      cum laude

    Admitted In

    • New York
    Photo
    Name
    Stephen M. Kessing
    Title
    Corporate
    Title
    Partner
    Email
    skessing@cravath.com
    Phone
    +1-212-474-1152
    vCard
    Download vCard

      Education

      • J.D., 2005, Duke Law School
        Order of the Coif, magna cum laude
      • M.B.A., 2001, University of Southern California
      • B.S., 1995, Miami University of Ohio

      Admitted In

      • New York

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