Access to Capital: Private Debt Placements for Health Care Providers — The Alternative to Accessing the Public Markets

Bank regulatory changes, historically low interest rates, and other market factors have resulted in a surge of private debt placements commonly known as “direct purchase” financings by health care providers. In these transactions, providers directly place all or a portion of their debt with one or more financial institutions rather than access the public debt markets. This Web conference will feature an in-depth discussion of the issues facing nonprofit health care providers who consider the direct purchase alternative, including a discussion of recent trends, a comparison of direct purchase financing with public offerings, and an analysis of the benefits and disadvantages of this financing alternative.

During this session, the panel will explore:

• Marketplace developments — pricing, indices, and new purchasers in the marketplace


• Deal structuring concerns


• Purchaser requirements and covenant concerns


• Rating impact on outstanding debt


• Tax issues, including special considerations for modifications and interest rate formulas


• Securities issues and disclosure concerns

Panelists

• Therese L. Wareham, Managing Director, Kaufman Hall


• Martin Arrick, Managing Director, Standard and Poor’s Ratings Services


• Laura L. Bilas , Partner, Foley & Lardner LLP


• Michael G. Bailey, Partner, Foley & Lardner LLP

The Access to Capital Web Conference Series provides participants with needed information in the most efficient manner possible — only a telephone line and Internet access are required to participate — allowing you to stay up-to-date with timely information from anywhere in the nation.

There is no cost to participate in this program, but pre-registration is required. We look forward to having you join us. For more information, please visit Foley.com or contact Cheryl Winkowski at [email protected].

Foley & Lardner LLP will apply for CLE credit after the program, wherever applicable. Foley & Lardner LLP certifies that this activity has been approved for California MCLE credits by the State Bar of California in the amount of 1.5 General credits. Foley & Lardner LLP is a State Bar of California MCLE approved provider. Please note that participants must log in to both the teleconference and LiveMeeting portions on the date of the event; credit may not be obtained by viewing and/or listening to a program recording after the event.