Simpson Thacher represented CHS/Community Health Systems, Inc., a wholly owned subsidiary of Community Health Systems, Inc. (“Community Health Systems”) (NYSE: CYH), in refinancing transactions that included a Rule 144A/Regulation S offering of $1 billion aggregate principal amount of 10.875% Senior Secured Notes due 2032, and a concurrent tender offer for up to $985 million aggregate principal amount of its outstanding 8.000% Senior Secured Notes due 2026.
Community Health Systems is one of the nation’s largest healthcare companies. Its affiliates are leading providers of healthcare services, developing and operating healthcare delivery systems in 43 distinct markets across 15 states.
The Simpson Thacher team included Richard Fenyes, Lia Toback, Evan Zuckerman, Ignacio Perez and Jessica Ryan (Capital Markets); Michael Vernace, Mari Zaldivar and Margaret Whalen (Credit); Jonathan Pall (Collateral); Vanessa Burrows and Nawa Lodin (Healthcare); Tim Gallagher (Real Estate); Jon Cantor and Eli Shalam (Tax); Larry Moss and Jeanne Annarumma (Executive Compensation and Employee Benefits); and Courtney Welshimer and Alysha Sekhon (Intellectual Property).