Community Health Systems, Inc.’s $2.86 Billion of High‑Yield Senior Notes Offerings and Concurrent $1.78 Billion Cash Tender Offer
February 24, 2021
Cravath represented the initial purchasers in connection with the $1.09 billion 144A/Reg. S high‑yield senior secured notes offering and concurrent $1.77 billion 144A/Reg. S high‑yield junior‑priority senior notes offering of CHS/Community Health Systems, Inc. Cravath also represented the dealer manager in connection with the concurrent $1.78 billion cash tender offer. CHS/Community Health Systems, Inc., together with its parent company, Community Health Systems, Inc., is one of the largest publicly traded operators of hospitals in the United States in terms of number of facilities and net operating revenues. The high‑yield senior secured notes offering closed on February 9, 2021 and the high‑yield junior‑priority senior notes offering closed on February 2, 2021.
The Cravath team included partners Joseph D. Zavaglia and Sasha Rosenthal‑Larrea and associates Douglas C. Dolan, Patrick S. Taylor, Zachary J. Amron and Nicholas A. DiStefano on capital markets matters, and partner Christopher K. Fargo and associate Peter W. Rogers on tax matters. Alissa B. Fromkin also worked on tax 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., 2010, Columbia Law SchoolHarlan Fiske Stone Scholar
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A.B., 2007, Brown University
- New York
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J.D., 2014, New York University School of Lawmagna cum laude
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B.A., 2011, Cornell University
- New York
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J.D., 2006, Columbia Law SchoolHarlan Fiske Stone; Michael Lynne Scholar
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B.A., 2003, Boston CollegeHonors Program, cum laude
- New York
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