HCA Completes $1.6 Billion High Yield Debt Offering

Simpson Thacher recently represented HCA Inc. in its high yield offering of $1.6 billion aggregate principal amount of 5.375% Senior Notes due 2025. The notes represent a further issuance of HCA’s 5.375% Senior Notes due 2025 that were issued on January 16, 2015. HCA intends to use the net proceeds for the redemption of certain of HCA Holdings, Inc.’s existing senior notes and for general corporate purposes.

HCA is the largest non-governmental hospital operator in the U.S. and a leading comprehensive, integrated provider of healthcare and related services.

The Simpson Thacher team for this transaction included Joe Kaufman, Tony Rim and Tracy Ke (Capital Markets); Jonathan Cantor and Andrew Purcell (Tax); and Alina Grinman (Executive Compensation and Employee Benefits).

Source:  www.stblaw.com