Media Contact:
Michelle Murray
Director of Marketing & Communications
Phone: 212.701.3614
Fax: 212.378.2410
mmurray@cahill.com

Legal News

Cahill Represents Financing Sources in Merger Financing for Change Healthcare

Date: 03/02/17

Cahill represented the financing sources in bank and bond transactions that supported the merger between Change Healthcare Holdings, LLC, a provider of software and analytics, network solutions and technology-enabled services, and McKesson Corporation, a global healthcare services and information technology company, creating Change Healthcare, a new healthcare information technology company.

Cahill represented the administrative agent and lead arrangers in connection with a $5,100,000,000 Term B loan and a $500,000,000 revolving credit agreement for Change Healthcare Holdings, LLC.  Cahill also represented the joint book-running managers and the co-managers in connection with a Rule 144A offering of $1,000,000,000 aggregate principal amount 5.75% Senior Notes due 2025 by Change Healthcare Holdings, LLC. Both transactions were completed in connection with the merger, with proceeds also used to refinance existing indebtedness and for general corporate purposes.