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Legal News

Cahill Represents Lead Arrangers in $3.895 Billion in Acquisition Financings for Kindred Healthcare Inc.

Date: 07/02/18

Cahill represented the lead arrangers in connection with a $410,000,000 term loan credit facility and a $450,000,000 ABL credit facility for Kindred Healthcare, LLC, a healthcare services company.

Cahill also represented the lead arrangers in connection with a $1,360,000,000 Term loan credit facility, $475,000,000 second lien credit facility, $280,000,000 revolving credit facility, $70,000,000 delayed draw revolving credit facility and a $850,000,000 delayed draw term loan credit facility for Gentiva Health Services, Inc., a healthcare services company. 

Proceeds from the credit facilities were used to refinance existing indebtedness and for the acquisition of Kindred Healthcare Inc. by Humana Inc., TPG Capital and Welsh, Carson, Anderson & Stowe.  Proceeds from the delayed draw facilities were used to finance the acquisition of Curo Health Services by Gentiva Health Services.