Cahill Advises Underwriters in Initial Public Offering of HCA
Date: 03/15/11Cahill represented BofA Merrill Lynch, Citi and J.P. Morgan as underwriters in connection with the initial public offering of hospital-operator HCA Holdings, Inc. (NYSE: HCA), valued at approximately $4.35 billion. The offering made available 145,130,000 shares of common stock at an IPO price of $30.00 per share, including exercise of the underwriters' over-allotment option. The IPO has been widely reported to be the largest private equity backed IPO in U.S. history.
Cahill also represented the underwriters and affiliates of the underwriters in bank and bond financings for the 2006 leveraged buyout of HCA, Inc. and subsequent debt financings.