Community Health Systems’s Senior Notes Offering and Tender Offer
November 22, 2011
Cravath represented the initial purchasers, led by Credit Suisse, BofA Merrill Lynch, Citigroup, J.P. Morgan Securities and Wells Fargo Securities, in connection with the US$1.0 billion senior notes offering by CHS/Community Health Systems, Inc., one of the largest publicly traded operators of hospitals in the United States. The transaction closed on November 22, 2011.
Cravath also represented Credit Suisse as dealer manager for the US$1.0 billion senior notes tender offer by Community Health Systems.
The Cravath team included partner William J. Whelan III and associates Joseph D. Zavaglia, Benjamin G. Joseloff, Zachary R. Smith and Maya A. Rosenthal-Larrea on corporate matters; partner Michael L. Schler and Peter R. Ternes on tax matters; partner Eric W. Hilfers and associate Steven J. Lorch on employee compensation and benefits matters; and practice area attorney Annmarie M. Terraciano on environmental matters.
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People
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J.D., 1998, University of Chicago Law Schoolwith Honors
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A.B., 1995, Princeton University
- New York
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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., 1998, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Wisconsin - Madison
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B.A., 1989, Wellesley Collegecum laude
- New York
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J.D., 1983, Fordham University School of Lawcum laude
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B.A., 1980, University of Virginiawith Distinction
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LL.M., 1979, New York University
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J.D., 1973, Yale Law School
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B.A., 1970, Harvard Universitymagna cum laude
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Community Health Systems, Inc.’s $1.79 Billion High‑Yield Senior Secured Notes Offering and Concurrent $1.47 Billion Cash Tender Offer
Cravath represented the initial purchasers in connection with the $1.79 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 $1.47 billion cash tender offer. The transactions closed on August 12, 2025.
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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.
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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.
