Accendra Health Reaches $1.5 Billion Agreement With Creditors for Comprehensive Balance Sheet Restructuring

Paul, Weiss is advising an ad hoc group of creditors of Accendra Health, Inc. (formerly known as Owens & Minor, Inc.), a leading U.S. provider of home health products, technologies and services, in connection with the company’s $2.3 billion out-of-court restructuring. Pursuant to the transactions, supported by the ad hoc group of creditors, the company will issue approximately $326 million of new money notes to pay off its existing term loan A facility and exchange up to approximately $1 billion of existing unsecured notes for new secured notes.

The Paul, Weiss team includes restructuring and debt capital solutions partners Alice Eaton and Sung Pak; tax partner Robert Holo and counsel Samir Kurani; and corporate partner David Huntington and counsel Lyudmila Bondarenko.