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Deal Date: 10-01-2017 Practice Area: International Finance and Bank Credit
Deal Title: Magellan Pharmacy Services Term Loan Industry: Healthcare Equipment & Services
Description:
Davis Polk advised the administrative agent in connection with a USD200 million delayed draw term loan facility for Magellan Pharmacy Services, Inc., a wholly owned subsidiary of Magellan Health, Inc., the proceeds of which will be used for working capital and general corporate purposes. The facility was guaranteed by substantially all of Magellan's non-regulated subsidiaries and was to mature on December 29, 2017.
Financial Center: New York Value: 100.01-500.00
Advised Party: Lender Law Firm
Borrower United States Lender United States
Classification: Syndicated and Bilateral Loans Syndicated Loans
Lawyer Kenneth J Steinberg