Dewey & LeBoeuf represented Barclays Capital Inc. in connection with a $500 million senior secured revolving credit facility maturing October 2015, including a $260 million letter of credit subfacility. Dewey & LeBoeuf had previously represented the lead arrangers in connection with a $525 million notes offering for HealthSouth.
HealthSouth used the proceeds of the notes offering as well as a $100 million draw on the new revolver and available cash to repay in full $743.1 million outstanding under an existing credit agreement.
HealthSouth is the nation’s largest provider of inpatient rehabilitation healthcare services. Operating in 26 states across the country and in Puerto Rico, with a concentration in Texas, Pennsylvania, Florida, Tennessee, Alabama and Arizona, HealthSouth serves patients through its network of 95 inpatient rehabilitation hospitals, 6 long-term acute care hospitals, 38 outpatient rehabilitation satellite clinics and 25 licensed, hospital-based home health agencies.
The lawyer team included John Cobb, Jackie Rose, Heather Viets, Abbey Mansfield and Sam Jeng, with assistance from Monique Ribando on intellectual property matters, Andrea Miano on healthcare regulatory matters, Todd McArthur and James Kinnebrew on tax matters, Mitchel Pahl and Lucericia Messiah on ERISA matters and Brian Taylor on real estate matters.
