A lender provided a $37 million term loan to finance the acquisition of three skilled nursing facilities in Florida, secured by a first lien mortgage in the properties as well as a second-lien pledge by the facility operators of all of their assets. The lender also provided a $13 million asset-based revolving line of credit to the operators of the facilities, secured by a first lien in accounts receivables and other operational assets.
Waller represented the lender in the transaction. The matter involved real estate diligence and review of various healthcare regulatory matters.
Represented HCA in its sale of home health, hospice and outpatient therapy agencies to LHC Group.
Represented Probo Medical, LLC in its acquisition of Tenvision.
Represented Performance Trust Capital Partners as the sole placement agent for the offering by RCB Financial Corporation of $8 million of its 10NC5 4.375% fixed-to-floating rate subordinated notes.