HCA Completes $2 Billion High Yield Debt Offering

Simpson Thacher recently represented HCA Inc. in its high yield offering of $600 million aggregate principal amount of 4.25% Senior Secured Notes due 2019 and $1.4 billion aggregate principal amount of 5.25% Senior Secured Notes due 2025. HCA intends to use the net proceeds for the redemption of a series of its existing secured notes, for related fees and expenses 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, Jo Djekovic and Leah Nudelman (Capital Markets); Jonathan Cantor and Andrew Purcell (Tax); Jonathan Pall (Collateral); and Alina Finkelshteyn (Executive Compensation and Employee Benefits).

Source:  www.stblaw.com