(October 4, 2011) - Paul Hastings LLP, a leading global law firm, announced today that the firm represented GE Capital Markets as the joint book runner and joint lead arranger, along with SunTrust Robinson Humphrey, for the debt financing of Metropolitan Health Network Inc.'s acquisition of Continucare Corporation. SunTrust Bank acted as syndication agent.
Metropolitan Health has acquired Continucare in a cash and stock transaction that was announced in June of 2011
and closed on October 4, 2011. To finance the purchase, Metropolitan Health obtained a $280 million first lien credit facility consisting of a $240 million dollar term loan and a $40 million revolver, as well as a $75 million second lien term loan credit facility from a syndicate of lenders led by GE Capital, Healthcare Financial Services.
Finance partner Chris Molen
led the Paul Hastings team, which included Corporate partner Elizabeth Noe
and associates Josh Hill, Chad Werner
and Roger Mitchell
. Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.