Four Decades for Justice
January 11, 2021
Cravath represented the initial purchasers in connection with the $2.8 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 largest publicly traded operators of hospitals in the United States in terms of number of facilities and net operating revenues. The transaction closed on December 28, 2020.
The Cravath team included partner Joseph D. Zavaglia and associates Douglas C. Dolan, Patrick S. Taylor 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.
Deals & Cases
January 24, 2024
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.
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