Barclays, RBC and Other Major Banks Provide Financing for Merger Forming Nation's Largest Pediatric Home Health Provider

March 17, 2017

New York – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Barclays Bank PLC, RBC Capital Markets, BMO Capital Markets Corp. and Goldman Sachs Lending Partners LLC as lead arrangers for the financing of Bain Capital Private Equity's and J.H. Whitney Capital Partners' acquisition of Epic Health Services and PSA Healthcare. Post-acquisition, the companies were merged to form Aveanna Healthcare, the now-largest pediatric home healthcare company in the United States. The financing consisted of a US$585 million first lien term facility and a US$75 million first lien revolving facility, each led and agented by Barclays Bank PLC and a US$240 million second lien term facility led by RBC Capital Markets and agented by Royal Bank of Canada.

Leveraged Finance partners John Cobb and Michael Baker led the Paul Hastings team, along with of counsels Marisa Sotomayor and Shekhar Kumar and associates Mitchell Zuckerman, Kareem Roe and Bianca Lee.

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. Paul Hastings is among a small number of firms that can be relied upon to handle complex deals involving numerous parties. The Leveraged Finance team recently advised on several high-profile deals, including the US$2.4 billion financing for MacDonald, Dettwiler and Associates’ acquisition of DigitalGlobe Inc., the US$5.1 billion financing for Bass Pro Shops’ acquisition of Cabela’s Incorporated, the US$1.9 billion financing for Gulf Oil, the US$442.5 million first lien credit facility for XIO Group’s acquisition of J.D. Power and Associates, and the US$535 million refinancing of existing credit facilities and dividend recapitalization for Vivid Seats LLC.

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.