Cahill Represents Arrangers in Concentra Acquisition Financing
Date: 06/01/15
Cahill represented JPMorgan Chase Bank and Deutsche Bank as administrative agents, J.P. Morgan Securities as lead arranger, and Deutsche Bank Securities, Wells Fargo Securities, and Morgan Stanley Senior Funding as arrangers, in connection with the $500,000,000 first lien credit facilities, comprised of a $450,000,000 First Lien Term B loan and a $50,000,000 revolver, and a $200,000,000 Second Lien Term B loan for Concentra Inc. Proceeds from the facilities were used in connection with the sale of Concentra by Humana Inc. to MJ Acquisition Corp., a joint venture of Select Medical Holdings Corp. and Welsh, Carson, Anderson & Stowe XII, a private-equity fund, and will be used for general corporate purposes.