Community Health Systems, Inc.’s $1.225 Billion High‑Yield Senior Secured Notes Offering

Cravath represented the initial purchasers in connection with the $1.225 billion 144A/Reg. S high‑yield senior secured notes offering of CHS/Community Health Systems, Inc. CHS/Community Health Systems, Inc., together with its parent company, Community Health Systems, Inc., is one of the nation’s largest healthcare companies. The transaction closed on June 5, 2024.

The Cravath team included partners Joseph D. Zavaglia and Douglas Dolan and associates Diane K. Mokoro, Matthew C. Weinstein, Ikechi J. Ngwangwa and Joseph N. Kadoch on capital markets matters, and partner Andrew T. Davis and associate Megan Samayoa on tax matters. Summer associate Reilly E. Knorr also worked on capital markets matters.