Richard A. Fenyes

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 Mr. Cooper Group Inc. (NASDAQ: COOP) (“Mr. Cooper”) and its wholly owned subsidiary Nationstar Mortgage Holdings Inc. (the “Issuer”) in connection with the Rule 144A/Regulation S offering by the Issuer of $1 billion aggregate principal amount of its 7.125% Senior Notes due 2032 (the “Notes”). The Issuer intends to use the net proceeds from the sale of the Notes to repay a portion of the amounts outstanding under Mr. Cooper’s MSR debt facilities.~~Mr. Cooper provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper and Xome. Mr. Cooper is one of the largest home loan servicers in the country focused on delivering a variety of servicing and lending products, services and technologies. Xome provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents and mortgage companies.~~The Simpson Thacher team included Richard Fenyes and Maggie Selbe (Capital Markets); J. Pasco Struhs and Hannah Daniels (Executive Compensation and Employee Benefits); Michael Mann and Kris Liu (Tax); Bobbie Burrows (Intellectual Property); Abram Ellis and Laurel Fresquez (Regulatory); and Ben Wells and James Hahn (Registered Funds).

May 2

1 min

Simpson Thacher represented Mr. Cooper Group Inc. (“Mr. Cooper”) and its wholly owned subsidiary Nationstar Mortgage Holdings Inc. (the “Issuer”) in connection with the Rule 144A/Regulation S offering by the Issuer of $750 million aggregate principal amount of its 6.500% Senior Notes due 2029 (the “Notes”). The Issuer intends to use the net proceeds from the sale of the Notes to repay a portion of the amounts outstanding under Mr. Cooper’s MSR debt facilities.~~Mr. Cooper provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper and Xome. Mr. Cooper is one of the largest home loan servicers in the country focused on delivering a variety of servicing and lending products, services and technologies. Xome provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents and mortgage companies.~~The Simpson Thacher team included Richard Fenyes, Anna Jarman and Jerry Du (Capital Markets); J. Pasco Struhs and Hannah Daniels (Executive Compensation and Employee Benefits); Michael Mann and Kris Liu (Tax); Bobbie Burrows (Intellectual Property); and Ben Wells and James Hahn (’40 Act).

Feb 8

1 min

The Firm represented USI, Inc. (“USI”) in connection with its offering of $620 million aggregate principal amount of 7.500% Senior Notes due 2032. USI used the proceeds from the offering to redeem the entirety of its 6.875% Senior Notes due 2025 and pay related fees and expenses.~~USI is one of the largest insurance brokers and a leading middle market broker in the United States, serving clients across 198 offices in 46 states.~~The Simpson Thacher team included Richard Fenyes, Jieun Lim, Joann Kim, Albert Murzakhanov and Mark Marzziotti (Capital Markets); Dan Kay, Roman Ibragimov and Rani Shah (Credit); Jakob Rendtorff, Erica Egenes and Alexandra David (M&A); Michael Mann and William Smolinski (Tax); David Rubinsky and Pasco Struhs (ECEB); Steve DeLott (Insurance); and Lori Lesser and Bobbie Burrows (IP/Privacy).

Mar 1

1 min

Simpson Thacher recently represented Ingersoll Rand Inc. (“Ingersoll Rand”) in the establishment of a $2.6 billion commercial paper program (the “Program”) pursuant to Section 4(a)(2) of the Securities Act of 1933. Ingersoll Rand intends the Program to provide additional financing flexibility for various purposes including acquisitions and remains committed to its investment grade credit rating. Ingersoll Rand, driven by an entrepreneurial spirit and ownership mindset, is dedicated to Making Life Better for its employees, customers, shareholders, and planet. Customers lean on Ingersoll Rand for exceptional performance and durability in mission-critical flow creation and industrial solutions. Supported by over 80+ respected brands, Ingersoll Rand’s products and services excel in the most complex and harsh conditions. Ingersoll Rand’s employees develop customers for life through their daily commitment to expertise, productivity, and efficiency. The Simpson Thacher team included Richard Fenyes and Shub Chandrasekaran (Capital Markets); Matthew Farrell (Banking & Credit); and Arielle Katzman (Public Company Advisory Practice).

Aug 19

1 min