Alignment Healthcare Completes $330 Million Private Convertible Senior Notes Transaction

Paul, Weiss advised Alignment Healthcare, Inc. in its sale of $330 million aggregate principal amount of 4.25% convertible senior notes due 2029 under privately negotiated subscription agreements. The company intends to use the proceeds of the transaction to lower its cost of capital by repaying its existing term loan facility and for general corporate purposes.

The Paul, Weiss team included corporate partners Christopher Cummings and Christian Kurtz, and counsel Stephen Centa; and tax partner Lindsay Parks.