27 02 2016

Vizient, Inc. secures $1,275,000,000 Term B loan and a $105,000,000 revolving credit agreement

Cahill represented Barclays Bank as administrative agent and lead arranger and Fifth Third Bank and The Bank of Tokyo-Mitsubishi UFJ as arrangers in connection with a $1,275,000,000 Term B loan and a $105,000,000 revolving credit agreement for Vizient, Inc., the largest member-owned health care company in the country.


Proceeds from the facility were used in connection with Vizient’s acquisition of MedAssets’ Spend and Clinical Resource Management segment, including Sg2, from Pamplona Capital Management. Cahill also represented Barclays as sole book-running manager and Fifth Third Securities as co-manager in connection with the Rule 144A offering of $600,000,000 aggregate principal amount of 10.375% Senior Notes due 2024 by Vizient, Inc. Proceeds were also used in connection with the acquisition. Vizient, Inc. operates a network of not-for-profit health care organizations to improve performance and efficiency in clinical, financial, and operational management. It offers analytics, contracting, consulting, and network development services to help members and customers achieve their strategic objectives. The company, led by Curtis W. Nonomaque, Christopher Dunleavy, Jody Hatcher, Richard Howerton and Daniel J. Thomas, is based in Irving. Cahill Represents Financing Sources with a team including Brian Kelleher (Picture), Jonathan A. Schaffzin, Joshua M. Zelig, Christopher W. Clement, David L. Hahn Jr., Simon Heimowitz., Jesse T. Kirsch, Matthew J. Shore and Sarah E. Turney. Involved fees earner: Brian Kelleher - Cahill Gordon & Reindel; Jonathan Schaffzin - Cahill Gordon & Reindel; Joshua Zelig - Cahill Gordon & Reindel; Christopher Clement - Cahill Gordon & Reindel; David Hahn - Cahill Gordon & Reindel; Simon Heimowitz - Cahill Gordon & Reindel; Jesse Kirsch - Cahill Gordon & Reindel; Matthew Shore - Cahill Gordon & Reindel; Sarah Turney - Cahill Gordon & Reindel;

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