Simpson Thacher represented CHS/Community Health Systems, Inc. (the “Company”), a wholly owned subsidiary of Community Health Systems, Inc. (NYSE: CYH), in a Rule 144A/Regulation S offering of $1.095 billion aggregate principal amount of 4.75% Senior Secured Notes due 2031 (the “Notes”). The Company intends to use the net proceeds of the offering of Notes, together with cash on hand, to redeem all of its outstanding 8.625% Senior Secured Notes due 2024 Notes and to pay related fees and expenses.
Community Health Systems, Inc. is one of the largest publicly traded hospital companies in the United States and a leading operator of general acute care hospitals and outpatient facilities in communities across the country.
The Simpson Thacher team included Richard Fenyes, Lia Toback, Evan Zuckerman, Arielle Trapp and Frances Fuqua (Capital Markets); Jonathan Pall (Collateral); Tim Gallagher (Real Estate); Andrew Purcell, Jon Cantor and Eli Shalam (Tax); Larry Moss, Jeanne Annarumma and Jason Fixelle (Executive Compensation and Employee Benefits); Alysha Sekhon (Intellectual Property); and Vanessa Burrows (Healthcare).