Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 21-08-2012 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Aetna Inc. Senior Unsecured Bridge Facility | Industry: | Healthcare Equipment & Services |
| Description: |
Davis Polk is advising Aetna Inc. on a $2 billion senior unsecured bridge loan facility in connection with its acquisition of Coventry Health Care, Inc. The bridge facility is being arranged by Goldman Sachs Bank USA, UBS Securities LLC and UBS Loan Finance LLC. The facility would be available to Aetna to pay a portion of the cash consideration used for its purchase of Coventry Health Care, Inc. in the event Aetna has not completed a planned senior notes offering prior to the closing of the acquisition.
The Davis Polk credit team includes partner Jason Kyrwood and associate Darren Mahone. Partner Richard J. Sandler is providing capital markets advice. All members of the Davis Polk team are based in the New York office.
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| Financial Center: | New York | Value: | 1000.01-5000.00 |
| Advised Party: | Borrower | Law Firm | Davis Polk |
| Borrower | United States | Lender | United States |
| Classification: |
Syndicated and Bilateral Loans Syndicated Loans |
Lawyer | Jason Kyrwood |
