Barclays Serves as Lead Arranger and Administrative Agent in Connection with Encompass Health Credit Facilities

December 03, 2019

New York – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Barclays Bank PLC, as administrative agent and lead arranger in connection with a $1.270 billion senior secured credit facility comprising of a $270 million term loan facility and $1 billion revolving credit facility for Encompass Health Corporation. Encompass Health is a national leader in integrated healthcare services, offering both facility-based and home-based patient care.

Finance partner John Cobb led the Paul Hastings team, which also included of counsel Danny Choi and associates Soufi Mirfakhraei and Daniel Ovadia.

The Paul Hastings Leveraged Finance team consists of more than 100 lawyers focusing on key markets across Asia, Europe, Latin America, and the U.S. Our lawyers advise many of the largest and most sophisticated financial institutions around the world. The Leveraged Finance team recently advised on several high-profile financing deals, including the $3 billion financing announced for Bain’s acquisition of Kantar from WPP; the $2.2 billion financing of the acquisition of Campbell Soup’s international operations by KKR; £2.5 billion financing announced for Advent’s acquisition of Cobham and Starwood Energy’s $1.23 billion acquisition of combined-cycle gas turbine power plants from Dominion Energy.
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.