Complex Capital Restructuring Transactions for HealthCare Partners
When managed care provider HealthCare Partners needed a legal advisor on two major debt and equity restructuring transactions, it turned to Nossaman to get results.
In the first transaction, HCP entered into a new secured credit agreement with a consortium of banks. This new credit facility, involved intensive negotiation of a complex credit agreement and related documents which significantly increased HCP's line of credit.
In the second transaction, which closed concurrently with the first, HCP redeemed all of its outstanding Preferred Units held by six investment funds, the majority of which was paid in cash while the remaining 2% was in the form of newly-issued Common Units.