Simpson Thacher recently represented J.P. Morgan Securities LLC, as a joint lead arranger, and JPMorgan Chase Bank, N.A., as administrative agent, in connection with the closing of an amendment and extension of Universal Health Services, Inc.’s (“UHS”) senior secured credit facilities. As a part of the amendment and extension, new lenders provided UHS with $900 million of additional Term A Loans and lenders under UHS’s existing senior secured credit facilities agreed to extend the maturity of approximately $892 million of UHS’s existing term A loans and approximately $732 million their revolving commitments.
UHS is a leading provider of medical equipment management and service solutions to the US health care industry.
The Simpson Thacher team included Patrick Ryan and Adam Shapiro (Credit).
