USPI Completes $1.07 Billion Debt Financing
Date: 04/19/07
Cahill represented Citibank, Lehman Brothers, Bear Stearns, UBS and SunTrust, as agents and managers, in connection with $630,000,000 of Senior Secured Credit Facilities for United Surgical Partners International, Inc. comprised of a $430,000,000 Term Loan, a $100,000,000 Revolving Facility and a $100,000,000 Delayed Draw Term Loan, and represented Citigroup Global Markets Inc., Lehman Brothers Inc. and several initial purchasers in connection with a $440,000,000 Rule 144A offering comprised of $240,000,000 of 8 7/8% Senior Subordinated Notes due 2017 and $200,000,000 of 9 1/4%/10% Senior Subordinated Toggle Notes due 2017 of United Surgical Partners International, Inc. The debt financings were consummated in connection with the acquisition of USPI by Welsh, Carson, Anderson & Stowe.