Evan G. Zuckerman

Simpson Thacher represented CHS/Community Health Systems, Inc., a wholly owned subsidiary of Community Health Systems, Inc. (“Community Health Systems”) (NYSE: CYH), in refinancing transactions that included a Rule 144A/Regulation S offering of $1 billion aggregate principal amount of 10.875% Senior Secured Notes due 2032, and a concurrent tender offer for up to $985 million aggregate principal amount of its outstanding 8.000% Senior Secured Notes due 2026.~~Community Health Systems is one of the nation’s largest healthcare companies. Its affiliates are leading providers of healthcare services, developing and operating healthcare delivery systems in 43 distinct markets across 15 states.~~The Simpson Thacher team included Richard Fenyes, Lia Toback, Evan Zuckerman, Ignacio Perez and Jessica Ryan (Capital Markets); Michael Vernace, Mari Zaldivar and Margaret Whalen (Credit); Jonathan Pall (Collateral); Vanessa Burrows and Nawa Lodin (Healthcare); Tim Gallagher (Real Estate); Jon Cantor and Eli Shalam (Tax); Larry Moss and Jeanne Annarumma (Executive Compensation and Employee Benefits); and Courtney Welshimer and Alysha Sekhon (Intellectual Property).

Dec 28

1 min

Simpson Thacher represented Tailored Brands, Inc. (“Tailored Brands” or the “Company”) in a cash tender offer to purchase 29.6 million shares of the Company’s common stock (the “Shares”) for an aggregate amount of $750 million and an exchange offer of 14.0 million Shares for 14.0 million shares of the Company’s Series A Mandatory Convertible Preferred Stock. Simpson Thacher also represented the Company in entering into the term loan facility in an aggregate principal amount of $550 million to partially fund the cash tender offer.~~Tailored Brands is a leading omnichannel specialty retailer of menswear, including suits, formalwear and a broad selection of business casual offerings. The Company’s brands include Men’s Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore.~~The Simpson Thacher team included Roxane Reardon, Evan Zuckerman and John Balletta (Capital Markets); Christopher Brown, Jackie Song, Janhvi Barthwal and Suzanne Kaufman (Banking and Credit); Andrew Blau and Alisa Tschorke (ECEB); Russell Light, Jonathan Cantor, Eli Shalam and Tova Pfeffer (Tax); Courtney Welshimer (IP); and Tim Gallagher (Real Estate).

Feb 4

1 min

Simpson Thacher represented affiliates of KKR in connection with their significant minority investment in Quick Quack Car Wash (“Quick Quack”). The new investment will support the continued acceleration of Quick Quack’s growth through innovation, marketing and organic expansion in new and existing markets. Terms of the transaction were not disclosed.~~Founded in 2004, Quick Quack is one of the largest and fastest growing express format car wash operators in the U.S., with over 230 locations across California, Texas, Arizona, Utah, and Colorado.~~The Simpson Thacher team includes Ravi Purushotham, Jack Nalen and Dan Kim (M&A); Marcy Geller, Bill Smolinski and Lina Pan (Tax); Jeannine McSweeney, Gary Tashjian and Josh Stephens (Executive Compensation & Employee Benefits); Krista McManus (Real Estate); Marisa Geiger, Nicholas Westbrook, Bobbie Burrows and Chandler Gerard-Reimer (Intellectual Property); Toby Chun and Noreen Lavan (Environmental); and Ryan Bekkerus, Evan Zuckerman and Christina Park (Capital Markets).

Dec 6

1 min

The Firm represented Garda World Security Corporation (“GardaWorld”) in an offering of US$550 million aggregate principal amount of 8.250% Senior Notes due 2032 (the “Notes”). The offering was conducted in reliance on Rule 144A and Regulation S under the Securities Act of 1933, as amended.~~GardaWorld intends to use the net proceeds from the Notes offering (i) to finance the acquisition of OnSolve, LLC, a leading provider of critical event management including risk intelligence, mass notifications, incident management and travel risk management and to pay related fees and expenses, (ii) to repay outstanding amounts on its senior secured revolving credit facility, (iii) to pay fees and expenses related to the offering and (iv) for general corporate purposes, including potential future acquisitions.~~GardaWorld is an entrepreneurial-minded corporation that builds global champions in security services, AI-enabled security technologies, integrated risk management and cash automation solutions, employing more than 132,000 highly skilled and dedicated professionals across the globe. Driven by a relentless entrepreneurial culture and core values of integrity, vigilance, trust and respect, GardaWorld’s global champions offer sophisticated, tailored security and technology solutions through high-touch partnerships and consistently superior service delivery.~~The Simpson Thacher team for the transaction included Ken Wallach, Brian Rosenzweig, Evan Zuckerman, Richie Ragusa and Shub Chandrasekaran (Capital Markets); Jonathan Cantor (Tax); Jeannine McSweeney and Alan Fenyes (Executive Compensation & Employee Benefits); Paige Brinton (Intellectual Property); and Michael Isby (Environmental).

Jul 25

1 min

Simpson Thacher represented Morgan Stanley & Co. LLC, as the sole underwriter, in connection with the registered public offering of 14,000,000 shares of common stock of GE HealthCare Technologies Inc. (“GEHC”) held by General Electric Company (“GE”). Pursuant to a debt-for-equity exchange agreement entered into in connection with this offering, Morgan Stanley & Co. LLC received the common stock, offered by it, from GE in partial satisfaction of GE’s obligations arising out of GE’s $1.9 billion term loan credit facility, with Morgan Stanley Bank, N.A., as the lender, and Morgan Stanley Senior Funding, Inc., as administrative agent (the “Term Loan Credit Facility”).~~Simpson Thacher also represented Morgan Stanley Bank, N.A. and Morgan Stanley Senior Funding, Inc. in connection with the Term Loan Credit Facility.~~To date, the Firm has represented the underwriters and selling securityholders in connection with approximately $9 billion of debt and equity financings by GEHC, and related debt-for-debt and debt-for-equity exchanges, since 2022.~~GEHC is a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator, dedicated to providing integrated solutions, services, and data analytics to make hospitals more efficient, clinicians more effective, therapies more precise, and patients healthier and happier.~~GE is a high-tech industrial company that today operates worldwide through its three segments, Aerospace, Renewable Energy, and Power.~~The Simpson Thacher team for the transaction included Roxane Reardon, David Azarkh, Evan Zuckerman and Jessica Ryan (Capital Markets); Patrick Ryan, Stephanie Rotter and Kyle Nelson (Banking); Vanessa Burrows and Nawa Lodin (Healthcare); Andrew Purcell and Paul Jansch (Tax); Andrew O’Brien (Executive Compensation and Employee Benefits); Kate Mirino (IP); and Jennie Getsin (FINRA and Blue Sky).

Mar 15

1 min