Executed properly,
the Private Placement alternative offers outstanding terms, maximum flexibility
and speed to market.
H2C Delivers Aggressive Pricing and Favorable Terms
on Variable Rate Private Placements
posted on March 26, 2015
In today’s competitive market, lenders are more willing than ever to compete aggressively for private placement financings. The experience of the professionals at H2C, combined with market competition and the credit strength of healthcare borrowers, is a winning formula to achieve superior results. Over the past year, H2C secured a broad array of commitments of ten years or longer at aggressive credit spreads for healthcare clients across the credit spectrum. When comparing this option to traditional LOC-backed variable rate demand bonds, H2C is achieving lower all-in-costs for significantly longer term commitments, reducing covenant requirements and increasing the operating flexibility of our clients.
H2C works diligently throughout the entire process to ensure our clients achieve the best pricing and terms possible. As placement agent, our professionals take the lead and manage a comprehensive process, including:
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evaluating all financing options
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sizing and structuring the preferred option(s)
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developing an RFP that articulates requested terms
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managing the RFP process
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negotiating financial and significant non-financial terms before selecting a lender, and
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assisting in the drafting of the Continuing Covenant Agreement to ensure that commitments are reflected as agreed
H2C’s commitment to competition ensures that potential purchasers submit aggressive terms in order to win the business. Following selection, H2C utilizes its years of banking experience to ensure a smooth process in which all parties work to achieve optimal results and with minimal disruption to our clients’ business.
ABOUT HAMMOND HANLON CAMP LLC
Hammond Hanlon Camp LLC (“H2C”) is an independent strategic advisory and investment banking firm committed to providing superior advice as a trusted advisor to healthcare organizations throughout the United States. H2C’s professionals have a long track record of success in healthcare mergers & acquisitions, capital markets, real estate and restructuring transactions, acting as lead advisors on hundreds of transactions representing billions of dollars in value. Hammond Hanlon Camp LLC offers securities through its wholly-owned subsidiary H2C Securities Inc., member FINRA/SIPC. For more information, go to h2c.com
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Dara Litwin
Hammond Hanlon Camp LLC
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