Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
Deal Date: | 11-03-2011 | Practice Area: | International Finance and Bank Credit |
Deal Title: | Catalyst Health Solutions, Inc. Acquisition Financing | Industry: | Healthcare Equipment & Services |
Description: |
Davis Polk is advising Goldman Sachs Lending Partners LLC, Citigroup Global Markets Inc., SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC as joint lead arrangers in connection with a $700 million back-stop acquisition facility, including a $500 million senior secured term loan facility and $200 million senior secured revolving facility, for Catalyst Health Solutions, Inc. in connection with its acquisition of Walgreens Health Initiatives, Inc., a wholly owned subsidiary of Walgreen Co.
Catalyst Health Solutions, Inc. is a leading full-service PBM company in the United States, operating primarily under the brand name Catalyst Rx. Its clients include self-insured employers, including state and local governments, managed care organizations, unions, third-party administrators, hospices and individuals seeking the prescription drug component of their overall health benefit programs. Catalyst Health Solutions, Inc. is a publicly traded company on the Nasdaq Stock Market. According to Catalyst, the acquisition would increase its PBM membership to more than 18 million members from about 7 million.
The Davis Polk team includes partner James A. Florack and associates Peter T. Bazos and Cristina del Rivero (not yet admitted). All members of the Davis Polk team are based in the New York office.
|
||
Financial Center: | New York | Value: | 0.00-100.00 |
Advised Party: | Lender | Law Firm | Davis Polk |
Borrower Jurisdiction: | United States | Lender Jurisdiction: | United States |
Classification: |
Acquisition Finance Private Company Acquisition |
Lawyer | James A Florack |