Citigroup Serves as Book-Running Manager for Senior Connect Acquisition Corp. I IPO

December 15, 2020

New York and Los Angeles – Paul Hastings LLP, a leading global law firm, announced today that it represented Citigroup Global Markets Inc. as sole book-running manager for the $414 million upsized initial public offering by Senior Connect Acquisition Corp. I.

Senior Connect Acquisition Corp. I priced its IPO of 41,400,000 units at $10.00 per unit. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. The IPO includes 5,400,000 units issued pursuant to the exercise by the underwriter of its over-allotment option.

The units were listed for trading on the Nasdaq Capital Market under the ticker symbol "SNRHU" on December 11, 2020.

UnitedHealth founder Richard T. Burke formed Senior Connect Acquisition Corp. I for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar combination, with a focus on businesses serving the senior market or capable of being repositioned to do so.

The Paul Hastings team advising Citigroup included Frank LopezJonathan KoJacqueline May, and Shai Vander (Securities and Capital Markets), and Douglas Schaaf and Amy Lawrence (Tax).

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

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