Latham Advises on US$1.675 Billion Private Debt Financing for Premier, Inc.’s Completed Acquisition by Patient Square Capital

Premier, Inc., a leading technology-driven healthcare improvement company, has completed its acquisition by an affiliate of Patient Square Capital. The debt financing for the transaction consisted of a US$1.45 billion senior secured first lien term loan facility and a US$225 million senior secured revolving credit facility.

Latham & Watkins LLP represented the financing sources in the transaction with a private credit team led by Stelios Saffos, Global Chair of Latham’s Capital Markets Practice, Peter Sluka, Global Co-Chair of the Hybrid Capital Practice, Alfred Xue, Global Vice Chair of the Banking & Private Credit Practice, and partners Michael Waldman and John Miller, with associates Julia Albrecht, Chi-Emeka Egwuagu, and Youn Song. Advice was also provided on tax matters by partner Aaron Bernstein, with associate Kathryn Harrington and on intellectual property matters by partner Jeffrey Tochner.