New York, NY (June 2, 2010) - Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that the firm is advising General Electric Capital Corporation on a debt financing in connection to the merger of Gentiva Health Services, Inc. and Odyssey HealthCare, Inc.
Gentiva and Odyssey entered into a definitive merger agreement whereby Gentiva will acquire Odyssey in an all cash transaction for an aggregate purchase price of approximately $1.0 billion.
Gentiva expects to raise approximately $1.1 billion in new debt financing to fund the purchase price and to refinance existing debt. The company has secured a financing commitment for the transaction from a syndicate of leading financial institutions, including BofA Merrill Lynch, Barclays Bank PLC, General Electric Capital Corporation, and SunTrust Bank and SunTrust Robinson Humphrey, Inc.
The Paul Hastings team included partners Mario Ippolito and Chris Molen and associate Craig Lee.
Paul, Hastings, Janofsky & Walker 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.