CHS/Community Health Systems, Inc. 7.125% Senior Notes due 2020 UNDERWRITING AGREEMENT
Exhibit 1.1
$1,200,000,000
CHS/Community Health Systems, Inc.
7.125% Senior Notes due 2020
July 9, 2012
CREDIT SUISSE SECURITIES (USA) LLC,
As Representative of the Several Underwriters,
Eleven Madison Avenue,
New York, N.Y. 10010-3629
Ladies and Gentlemen:
1. Introductory. CHS/Community Health Systems, Inc., a Delaware corporation (the “Company”), a wholly owned subsidiary of Community Health Systems, Inc., a Delaware corporation (“Holdings”), agrees with the several underwriters named in Schedule A hereto (“Underwriters”) to issue and sell to the several Underwriters $1,200,000,000 principal amount of its 7.125% Senior Notes due 2020 (“Offered Securities”) as set forth below, all to be issued under an indenture, to be dated as of July 18, 2012 (the “Indenture”), between the Company and Regions Bank, as trustee (the “Trustee”). The Offered Securities will be unconditionally guaranteed as to the payment of principal and interest by Holdings and each of the Company’s existing subsidiaries listed on Schedule B hereto and certain subsequently acquired or organized subsidiaries (collectively, the “Guarantors” and such guarantees, the “Guarantees”). In connection with the offering, issuance and sale of the Offered Securities, the Company has made a cash tender offer for any and all of its outstanding 8 7/8% Senior Notes due 2015 (the “Tendered Notes”) and is soliciting consents for certain proposed amendments to the indenture governing the Tendered Notes on the terms and subject to the conditions, including, among other things, the consummation of the offer and sale of the Offered Securities, set forth in the Company’s Offer to Purchase and Consent Solicitation Statement dated July 3, 2012, as supplemented.
2. Representations and Warranties of the Company and the Guarantors. Each of the Company and the Guarantors, jointly and severally, represents and warrants to, and agrees with, the several Underwriters that:
(a) Filing and Effectiveness of Registration Statement; Certain Defined Terms. The Company and each Guarantor have filed with the Commission a registration statement on Form S-3 (No. 333-181630), including a related prospectus or prospectuses, covering the registration of the Offered Securities under the Act, which has become effective. “Registration Statement” at any particular time means such registration statement in the form then filed with the Commission, including any amendment thereto, any document incorporated by reference therein and all 430B Information and all 430C Information with respect to such registration statement, that in any case has not been superseded or modified. “Registration Statement” without reference to a time means the Registration Statement as of the Effective Time. For purposes of this definition, 430B Information shall be considered to be included in the Registration Statement as of the time specified in Rule 430B.
For purposes of this Agreement:
“430B Information” means information included in a prospectus then deemed to be a part of the Registration Statement pursuant to Rule 430B(e) or retroactively deemed to be a part of the Registration Statement pursuant to Rule 430B(f).
“430C Information” means information included in a prospectus then deemed to be a part of the Registration Statement pursuant to Rule 430C.
“Act” means the Securities Act of 1933, as amended.
“Applicable Time” means 2:45 P.M. (Eastern Time) on the date of this Agreement.
“Closing Date” has the meaning defined in Section 3 hereof.
“Commission” means the Securities and Exchange Commission.
“Effective Time” of the Registration Statement relating to the Offered Securities means the time of the first contract of sale for the Offered Securities.
“Exchange Act” means the Securities Exchange Act of 1934.
“Final Prospectus” means the Statutory Prospectus that discloses the public offering price, other 430B Information and other final terms of the Offered Securities and otherwise satisfies Section 10(a) of the Act.
“General Use Issuer Free Writing Prospectus” means any Issuer Free Writing Prospectus that is intended for general distribution to prospective investors, as evidenced by its being so specified in Schedule C to this Agreement.
“Issuer Free Writing Prospectus” means any “issuer free writing prospectus,” as defined in Rule 433, relating to the Offered Securities in the form filed or required to be filed with the Commission or, if not required to be filed, in the form retained in the Company’s records pursuant to Rule 433(g).
“Limited Use Issuer Free Writing Prospectus” means any Issuer Free Writing Prospectus that is not a General Use Issuer Free Writing Prospectus.
“Representative” means Credit Suisse Securities (USA) LLC.
“Rules and Regulations” means the rules and regulations of the Commission.
“Securities Laws” means, collectively, the Xxxxxxxx-Xxxxx Act of 2002, as amended (“Xxxxxxxx-Xxxxx”), the Act, the Exchange Act, the Trust Indenture Act, the Rules and Regulations, the auditing principles, rules, standards and practices applicable to auditors of “issuers” (as defined in Xxxxxxxx-Xxxxx) promulgated or approved by the Public Company Accounting Oversight Board and, as applicable, the rules of the New York Stock Exchange and the NASDAQ Stock Market (“Exchange Rules”).
“Statutory Prospectus” with reference to any particular time means the prospectus relating to the Offered Securities that is included in the Registration Statement immediately prior to that time, including all 430B Information and all 430C Information with respect to the Registration Statement. For purposes of the foregoing definition, 430B Information shall be considered to be included in the Statutory Prospectus only as of the actual time that form of prospectus (including a prospectus supplement) is filed with the Commission pursuant to Rule 424(b) and not retroactively.
“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended.
Unless otherwise specified, a reference to a “rule” is to the indicated rule under the Act.
(b) Compliance with Securities Act Requirements. (i) (A) At the time the Registration Statement initially became effective, (B) at the time of each amendment thereto for the purposes of complying with Section 10(a)(3) of the Act (whether by post-effective amendment, incorporated report or form of prospectus), if any, (C) at the Effective Time relating to the Offered Securities
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and (D) on the Closing Date, the Registration Statement conformed and will conform in all respects to the requirements of the Act, the Trust Indenture Act and the Rules and Regulations and did not and will not include any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading and (ii) (A) on its date, (B) at the time of filing the Final Prospectus pursuant to Rule 424(b) and (C) on the Closing Date, the Final Prospectus will conform in all respects to the requirements of the Act, the Trust Indenture Act and the Rules and Regulations, and will not include any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. The preceding sentence does not apply to statements in or omissions from any such document based upon written information furnished to the Company by any Underwriter through the Representative specifically for use therein, it being understood and agreed that the only such information is that described as such in Section 8(b) hereof.
(c) Automatic Shelf Registration Statement. (i) Well-Known Seasoned Issuer Status. (A) At the time of initial filing of the Registration Statement, (B) at the time of the most recent amendment thereto for the purposes of complying with Section 10(a)(3) of the Act (whether such amendment was by post-effective amendment, incorporated report filed pursuant to Section 13 or 15(d) of the Exchange Act or form of prospectus), if any, and (C) at the time the Company or any person acting on its behalf (within the meaning, for this clause only, of Rule 163(c)) made any offer relating to the Offered Securities in reliance on the exemption of Rule 163, Holdings was a “well known seasoned issuer” as defined in Rule 405, including not having been an “ineligible issuer” as defined in Rule 405.
(ii) Effectiveness of Automatic Shelf Registration Statement. The Registration Statement is an “automatic shelf registration statement,” as defined in Rule 405, that initially became effective within three years of the date of this Agreement. If immediately prior to the Renewal Deadline (as hereinafter defined), any of the Offered Securities remain unsold by the Underwriters, the Company and the Guarantors will prior to the Renewal Deadline file, if they have not already done so and are eligible to do so, a new automatic shelf registration statement relating to the Offered Securities, in a form satisfactory to the Representative. If the Company and the Guarantors are no longer eligible to file an automatic shelf registration statement, the Company and the Guarantors will, prior to the Renewal Deadline, if they have not already done so, file a new shelf registration statement relating to the Offered Securities, in a form reasonably satisfactory to the Representative, and will use their best efforts to cause such registration statement to be declared effective within 180 days after the Renewal Deadline. The Company and the Guarantors will take all other action necessary or appropriate to permit the public offering and sale of the Offered Securities to continue as contemplated in the expired registration statement relating to the Offered Securities. References herein to the Registration Statement shall include such new automatic shelf registration statement or such new shelf registration statement, as the case may be. “Renewal Deadline” means the third anniversary of the initial effective time of the Registration Statement.
(iii) Eligibility to Use Automatic Shelf Registration Form. Neither the Company nor any Guarantor has received from the Commission any notice pursuant to Rule 401(g)(2) objecting to use of the automatic shelf registration statement form. If at any time when Offered Securities remain unsold by the Underwriters the Company or any Guarantor receives from the Commission a notice pursuant to Rule 401(g)(2) or otherwise ceases to be eligible to use the automatic shelf registration statement form, the Company will (i) promptly notify the Representative, (ii) promptly file a new registration statement or post-effective amendment on the proper form relating to the Offered Securities, in a form reasonably satisfactory to the Representative, (iii) use its reasonable best efforts to cause such registration statement or post-effective amendment to be declared effective as soon
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as practicable, and (iv) promptly notify the Representative of such effectiveness. The Company and the Guarantors will take all other action necessary or appropriate to permit the public offering and sale of the Offered Securities to continue as contemplated in the registration statement that was the subject of the Rule 401(g)(2) notice or for which the Company has otherwise become ineligible. References herein to the Registration Statement shall include such new registration statement or post-effective amendment, as the case may be.
(iv) Filing Fees. The Company has paid or shall pay the required Commission filing fees relating to the Offered Securities within the time required by Rule 456(b)(1) without regard to the proviso therein and otherwise in accordance with Rules 456(b) and 457(r).
(d) Ineligible Issuer Status. (i) At the earliest time after the filing of the Registration Statement that the Company or another offering participant made a bona fide offer (within the meaning of Rule 164(h)(2)) of the Offered Securities and (ii) at the date of this Agreement, each of the Company and each Guarantor was not and is not an “ineligible issuer,” as defined in Rule 405, including (x) Holdings, the Company or any other subsidiary of Holdings in the preceding three years not having been convicted of a felony or misdemeanor or having been made the subject of a judicial or administrative decree or order as described in Rule 405 and (y) the Company and each Guarantor in the preceding three years not having been the subject of a bankruptcy petition or insolvency or similar proceeding, not having had a registration statement be the subject of a proceeding under Section 8 of the Act and not being the subject of a proceeding under Section 8A of the Act in connection with the offering of the Securities, all as described in Rule 405.
(e) General Disclosure Package. As of the Applicable Time, neither (i) the General Use Issuer Free Writing Prospectus(es) issued at or prior to the Applicable Time and the preliminary prospectus supplement, dated July 9, 2012, including the base prospectus, dated May 23, 2012 (which is the most recent Statutory Prospectus distributed to investors generally), and the other information, if any, stated in Schedule C to this Agreement to be included in the General Disclosure Package, all considered together (collectively, the “General Disclosure Package”), nor (ii) any individual Limited Use Issuer Free Writing Prospectus, when considered together with the General Disclosure Package, included any untrue statement of a material fact or omitted to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. The preceding sentence does not apply to statements in or omissions from any Statutory Prospectus or any Issuer Free Writing Prospectus in reliance upon and in conformity with written information furnished to the Company by any Underwriter through the Representative specifically for use therein, it being understood and agreed that the only such information furnished by any Underwriter consists of the information described as such in Section 8(b) hereof.
(f) Issuer Free Writing Prospectuses. Each Issuer Free Writing Prospectus, as of its issue date and at all subsequent times through the completion of the public offer and sale of the Offered Securities or until any earlier date that the Company notified or notifies Credit Suisse Securities (USA) LLC (“Credit Suisse”) as described in the next sentence, did not, does not and will not include any information that conflicted, conflicts or will conflict with the information then contained in the Registration Statement. If at any time following issuance of an Issuer Free Writing Prospectus there occurred or occurs an event or development as a result of which such Issuer Free Writing Prospectus conflicted or would conflict with the information then contained in the Registration Statement or as a result of which such Issuer Free Writing Prospectus, if republished immediately following such event or development, would include an untrue statement of a material fact or omitted or would omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, (i) the Company has promptly notified or will promptly notify Credit Suisse and (ii) the Company has promptly amended or will promptly amend or supplement such Issuer Free Writing Prospectus to eliminate or correct such conflict, untrue statement or omission.
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(g) Good Standing of the Company and the Guarantors. Each of the Company and each Guarantor has been duly organized and is existing and in good standing under the laws of the jurisdiction of its organization, with power and authority (corporate and other) to own its properties and conduct its business as described in the General Disclosure Package; and the Company and each Guarantor is duly qualified to do business as a foreign corporation in good standing in all other jurisdictions in which its ownership or lease of property or the conduct of its business requires such qualification, except where the absence of such qualifications would not reasonably be expected to result in a material adverse effect on the condition (financial or otherwise), results of operations, business, properties or prospects of the Company, the Guarantors and their respective subsidiaries taken as a whole (“Material Adverse Effect”).
(h) Subsidiaries. Each subsidiary of the Company and each subsidiary of the Guarantors has been duly organized and is existing and in good standing under the laws of the jurisdiction of its organization, with power and authority (corporate and other) to own its properties and conduct its business as described in the General Disclosure Package; and each subsidiary of the Company and each subsidiary of the Guarantors is duly qualified to do business as a foreign corporation in good standing in all other jurisdictions in which its ownership or lease of property or the conduct of its business requires such qualification, except, in each case, where the absence of such qualifications would not reasonably be expected to result in a Material Adverse Effect; all of the issued and outstanding capital stock of each subsidiary of the Company and each subsidiary of the Guarantors has been duly authorized and validly issued and is fully paid and nonassessable; and the capital stock of each such subsidiary owned by the Company or any Guarantor, directly or through subsidiaries, is owned free from liens, encumbrances and defects (other than liens granted to the lenders under the Amended and Restated Credit Agreement, dated as of July 25, 2007, as further amended and restated as of February 2, 2012, among the Company, Holdings, the lenders party thereto and Credit Suisse AG, as administrative agent and collateral agent (the “Credit Agreement”)).
(i) Corporate Structure. The Company has no direct or indirect “significant subsidiary,” as that term is defined in Rule 1-02(w) of Regulation S-X under the Act, other than the subsidiaries set forth on Exhibit 21 to Holdings’ Annual Report on Form 10-K for the fiscal year ended December 31, 2011 (the “Annual Report”).
(j) Execution and Delivery of Indenture. The Indenture has been duly authorized and has been duly qualified under the Trust Indenture Act by the Company and each Guarantor and constitutes a valid and legally binding obligation of the Company and the Guarantors, in each case enforceable against the Company and the Guarantors in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles; the Offered Securities and the Guarantees have been duly authorized by the Company and each Guarantor, respectively; and, when the Offered Securities are delivered and paid for pursuant to this Agreement on the Closing Date, the Indenture will have been duly executed and delivered by the Company and each Guarantor, such Offered Securities will have been duly executed, issued and delivered by the Company and when duly authenticated by the Trustee in accordance with the Indenture, will conform to the information in the General Disclosure Package and to the description of such Offered Securities contained in the Final Prospectus and such Offered Securities and the Guarantees will constitute valid and legally binding obligations of the Company and the Guarantors, as applicable, in each case enforceable against the Company and the Guarantors in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles and entitled to the benefits provided by the Indenture.
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(k) Trust Indenture Act. On the Closing Date, the Indenture will conform in all material respects to the requirements of the Trust Indenture Act and the Rules and Regulations applicable to an indenture which is qualified thereunder.
(l) No Finder’s Fee. Except as disclosed in the General Disclosure Package, there are no contracts, agreements or understandings between the Company or any Guarantor, on the one hand, and any person that would give rise to a valid claim against the Company, a Guarantor or any Underwriter for a brokerage commission, finder’s fee or other like payment in connection with this offering.
(m) Registration Rights. Other than the registration rights agreement dated as of November 22, 2011, among Credit Suisse Securities (USA) LLC, as representative of the several purchasers, the Company and the Guarantors and the registration rights agreement dated as of March 21, 2012, among Credit Suisse Securities (USA) LLC, as representative of the several purchasers (together, the “Registration Rights Agreements”), the Company and the Guarantors, there are no contracts, agreements or understandings between the Company or any Guarantor and any person granting such person the right to require the Company or such Guarantor to file a registration statement under the Act with respect to any securities of the Company or such Guarantor or to require the Company or such Guarantor to include such securities in the securities registered pursuant to a Registration Statement or in any securities being registered pursuant to any other registration statement filed by the Company and the Guarantors under the Act.
(n) Absence of Further Requirements. No consent, approval, authorization, or order of, or filing or registration with, any person (including any governmental agency or body or any court) is required for the consummation of the transactions contemplated by this Agreement or the Indenture in connection with the offering, issuance and sale of the Offered Securities and the Guarantees by the Company and the Guarantors, except such as have been obtained, or made and such as may be required under state securities laws.
(o) Title to Property. Except as disclosed in the General Disclosure Package, the Company, the Guarantors and their respective subsidiaries have good and marketable title to all real properties and all other properties and assets owned by them, in each case free from liens, charges, encumbrances and defects that would materially affect the value thereof or materially interfere with the use made or to be made thereof by them; and except as disclosed in the General Disclosure Package, the Company, the Guarantors and their respective subsidiaries hold any leased or subleased real or personal property under valid and enforceable leases or subleases with no terms or provisions that would materially interfere with the use made or to be made thereof by them. None of the Company, the Guarantors or any of their respective subsidiaries has any notice of any claim of any sort that has been asserted by anyone adverse to the rights of the Company, the Guarantors or any of their respective subsidiaries under any of the leases or subleases described above, or affecting or questioning the rights of the Company, the Guarantors or any such subsidiary to the continued possession of the leased or subleased premises under any such lease or sublease, except where such claim would not reasonably be expected to have a Material Adverse Effect.
(p) Absence of Defaults and Conflicts Resulting from Transaction. The execution, delivery and performance of this Agreement and the Indenture, and the issuance and sale of the Offered Securities and Guarantees and compliance with the terms and provisions hereof and thereof will not result in a breach or violation of any of the terms and provisions of, or constitute a default or a Debt Repayment Triggering Event (as defined below) under, or result in the imposition of any lien, charge or encumbrance upon any property or assets of the Company, the Guarantors or any of
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their respective subsidiaries pursuant to (i) the charter or by-laws of the Company, the Guarantors or any of their respective subsidiaries, (ii) any statute or law, any rule, regulation or order of any governmental agency or body or any court, domestic or foreign, having jurisdiction over the Company, the Guarantors or any of their respective subsidiaries or any of their properties or (iii) any agreement or instrument to which the Company, the Guarantors or any of their respective subsidiaries is a party or by which the Company, the Guarantors or any of their respective subsidiaries is bound or to which any of the properties of the Company, the Guarantors or any of their respective subsidiaries is subject; except in the case of (ii) and (iii) above, for such breaches, violations or defaults as would not reasonably be expected to have a Material Adverse Effect. A “Debt Repayment Triggering Event” means any event or condition that gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture, or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company, the Guarantors or any of their respective subsidiaries.
(q) Absence of Existing Defaults and Conflicts. None of the Company, the Guarantors or their respective subsidiaries is (i) in violation of its respective charter or by-laws or (ii) in default (or with the giving of notice or lapse of time would be in default) under any existing obligation, agreement, covenant or condition contained in any indenture, loan agreement, mortgage, lease or other agreement or instrument to which any of them is a party or by which any of them is bound or to which any of the properties of any of them is subject, except in the case of (ii), such defaults that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
(r) Authorization of Agreement. This Agreement has been duly authorized, executed and delivered by the Company and by each of the Guarantors.
(s) Possession of Licenses and Permits. The Company, the Guarantors and their respective subsidiaries possess, and are in compliance with the terms of, all certificates, authorizations, franchises, licenses, permits, approvals (including, without limitation, certificate of need approvals), consents, orders, certifications (including, without limitation, certification under Medicare and Medicaid programs), accreditations (including, without limitation and if applicable, accreditation by The Joint Commission) and other authorizations (collectively, the “Licenses”) issued by, and have made all declarations and filings with, the appropriate Federal, state, local or foreign regulatory agencies or bodies necessary or material to the conduct of the business of the Company and the Guarantors, considered together, now conducted by them (including, without limitation, Licenses as are required under such Federal and state healthcare laws as are applicable to the Company, the Guarantors or any of their respective subsidiaries that participate in the Medicare and/or Medicaid programs to receive reimbursement thereunder) and have not received any notice of proceedings relating to the revocation or modification of any Licenses that, if determined adversely to the Company, the Guarantors or any of their respective subsidiaries, would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company, the Guarantors and their respective subsidiaries are in compliance with the terms and conditions of the Licenses described above, except where the failure to do so would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Licenses described above are valid and in full force and effect, except where the invalidity of such License or the failure of such License to be in full force and effect would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. All of the hospitals operated by the Company, the Guarantors and their respective subsidiaries are “providers of services” as defined in the Social Security Act and the regulations promulgated thereunder and are eligible to participate in the Medicare and Medicaid programs.
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(t) Absence of Labor Dispute. No labor dispute with the employees of the Company, the Guarantors or any of their respective subsidiaries exists or, to the knowledge of the Company or the Guarantors, is imminent that would reasonably be expected to have a Material Adverse Effect.
(u) Possession of Intellectual Property. The Company, the Guarantors and their respective subsidiaries own, possess or can acquire on reasonable terms, adequate trademarks, trade names and other rights to inventions, know how, patents, copyrights, confidential information and other intellectual property (collectively, “intellectual property rights”) necessary to conduct the business now operated by them, or presently employed by them, and have not received any notice of infringement of or conflict with asserted rights of others with respect to any intellectual property rights that, if determined adversely to the Company, the Guarantors or any of their respective subsidiaries, would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
(v) Environmental Laws. Except as disclosed in the General Disclosure Package, and except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, (i) none of the Company, the Guarantors, their respective subsidiaries or any of the hospitals owned, leased or operated by them is in violation of any Federal, state, local or foreign statute, law, rule, regulation, standard, guide, ordinance, code, policy or rule of common law or any judicial or administrative interpretation thereof, including any judicial or administrative order, decision, agreement, consent, decree or judgment, relating to pollution or protection of human health or safety, the environment (including, without limitation, ambient air, surface water, groundwater, land surface or subsurface strata) or wildlife, including, without limitation, those relating to the release or threatened release of chemicals, pollutants, contaminants, wastes, toxic substances, or hazardous substances (including, without limitation, biological or biohazardous products or wastes, medical wastes, asbestos-containing materials, polychlorinated biphenyls, urea-formaldehyde insulation, petroleum or petroleum products) (collectively, “Hazardous Materials”) or to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of, or exposure to, Hazardous Materials (collectively, “Environmental Laws”), (ii) the Company, the Guarantors, their respective subsidiaries and each of the hospitals owned, leased or operated by them have all permits, authorizations and approvals required under any applicable Environmental Laws and are each in compliance with their requirements, (iii) there are no pending or, to the Company’s knowledge, threatened administrative, regulatory or judicial actions, suits, demands, demand letters, claims, liens, notices of noncompliance or violation, requests for information, investigations or proceedings relating to any Environmental Law against the Company, the Guarantors, any of their respective subsidiaries or any of the hospitals owned, leased or operated by them and (iv) there are no events or circumstances that might reasonably be expected to form the basis of an order for investigation, response, clean-up or remediation, or an action, suit, demand for payment, or proceeding by any private party or governmental body or agency, against or affecting the Company, the Guarantors, any of their respective subsidiaries or any of the hospitals owned, leased or operated by them relating to Hazardous Materials or any Environmental Laws.
(w) Accurate Disclosure. The statements in the General Disclosure Package, including those in the Final Prospectus under the headings “Description of the Notes”, “Certain United States Federal Income Tax Considerations” and those in the Annual Report and the Company’s Current Report on Form 8-K filed with the Commission on May 24, 2012, in each case under the heading “Business of Community Health Systems, Inc.— Government Regulation”, insofar as such statements summarize legal matters, agreements, documents or proceedings discussed therein, are accurate and fair summaries in all material respects of such legal matters, agreements, documents or proceedings and present the information required to be shown.
(x) Absence of Manipulation. None of the Company, the Guarantors or their respective affiliates has, either alone or with one or more other persons, taken, directly or indirectly, any action that is designed to or that has constituted or that would reasonably be expected to cause or result in the stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Offered Securities.
and the Company’s Current Report on Form 8-K filed with the Commission on May 24, 2012, in each case
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(y) Statistical and Market-Related Data. Any third-party statistical and market-related data included in a Registration Statement, a Statutory Prospectus or the General Disclosure Package are based on or derived from sources that the Company and the Guarantors believe to be reliable and accurate.
(z) Internal Controls and Compliance with the Xxxxxxxx-Xxxxx Act. Except as set forth in the General Disclosure Package, the Company, the Guarantors and their respective subsidiaries and their respective Boards of Directors (each, a “Board”) are in material compliance with Xxxxxxxx-Xxxxx and all applicable Exchange Rules. The Company and each Guarantor maintains a system of internal controls, including, but not limited to, disclosure controls and procedures, internal controls over accounting matters and financial reporting, an internal audit function, and legal and regulatory compliance controls (collectively, “Internal Controls”) that comply with the Securities Laws and are sufficient to provide reasonable assurances that (i) transactions are executed in accordance with management’s general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) and to maintain accountability for assets, (iii) access to assets is permitted only in accordance with management’s general or specific authorization, (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences and (v) the interactive data in eXtensible Business Reporting Language included in the General Disclosure Package has been prepared in accordance with the Commission’s rules and guidelines applicable thereto. The Internal Controls are, and, upon consummation of the offering of the Offered Securities will be, overseen by the Audit Committee (the “Audit Committee”) of the Board of Directors of Holdings in accordance with Exchange Rules. Neither the Company nor any Guarantor has publicly disclosed or reported to the Audit Committee or the Board, and neither the Company nor any Guarantor reasonably expects to publicly disclose or report to its Audit Committee or its Board, a significant deficiency, material weakness, change in Internal Controls or fraud involving management or other employees who have a significant role in Internal Controls (each, an “Internal Control Event”), any violation of, or failure to comply with, the Securities Laws, or any matter which, if determined adversely, would reasonably be expected to have a Material Adverse Effect.
(aa) Absence of Accounting Issues. Except as set forth in the General Disclosure Package, the Audit Committee is not reviewing or investigating, and neither the Company’s and the Guarantors’ independent auditors nor their internal auditors have recommended that such Audit Committee review or investigate, (i) adding to, deleting, changing the application of, or changing the Company’s or the Guarantors’ disclosure with respect to, any of the Company’s or the Guarantors’ material accounting policies; (ii) any matter which could result in a restatement of the Company’s or the Guarantors’ financial statements for any annual or interim period during the current or prior three fiscal years; or (iii) any Internal Control Event.
(bb) Litigation. Except as disclosed in the General Disclosure Package, there are no pending actions, suits or proceedings (including any inquiries or investigations by any court or governmental agency or body, domestic or foreign) against or affecting the Company, the Guarantors, any of their respective subsidiaries or any of their respective properties that, if determined adversely to the Company, the Guarantors or any of their respective subsidiaries, would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, or would materially and adversely affect the ability of the Company or the Guarantors to perform their obligations under the Indenture or this Agreement or which are otherwise material in the context of the sale of the Offered Securities and the Guarantees; and no such actions, suits or proceedings (including any inquiries or investigations by any court or governmental agency or body, domestic or foreign) are to the Company’s or the Guarantors’ knowledge, threatened or contemplated.
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(cc) Financial Statements. The financial statements, including the notes thereto, included in the Registration Statement and the General Disclosure Package present fairly, in all material respects, the financial position of the Company, the Guarantors and their respective consolidated subsidiaries as of the dates shown and their results of operations and cash flows for the periods shown, and, except as otherwise disclosed in the General Disclosure Package, such financial statements have been prepared in conformity with GAAP applied on a consistent basis; and the schedules included in the Registration Statement present fairly the information required to be stated therein. The interactive data in eXtensible Business Reporting Language included in the General Disclosure Package has been prepared in accordance with the Commission’s rules and guidelines applicable thereto.
(dd) No Material Adverse Change in Business. Since the end of the period covered by the latest audited financial statements included in the General Disclosure Package (i) except as disclosed in the General Disclosure Package, there has been no change, nor any development or event involving a prospective change, in the condition (financial or otherwise), results of operations, business or properties of the Company, the Guarantors and their respective subsidiaries, taken as a whole, that is material and adverse; (ii) except as disclosed in or contemplated by the General Disclosure Package, there has been no dividend or distribution of any kind declared, paid or made by the Company or the Guarantors on any class of their capital stock and (iii) except as disclosed in or contemplated by the General Disclosure Package, there has been no material adverse change in the capital stock, short-term indebtedness, long-term indebtedness, net current assets or net assets of the Company, the Guarantors and their respective subsidiaries.
(ee) Investment Company Act. Neither the Company nor any Guarantor is, and immediately after giving effect to the transactions contemplated hereby none of them will be, an open-end investment company, unit investment trust or face-amount certificate company that is or is required to be registered under Section 8 of the United States Investment Company Act of 1940 (the “Investment Company Act”); and neither the Company nor any Guarantor is and, after giving effect to the offering and sale of the Offered Securities and the application of the proceeds thereof as described in the General Disclosure Package, will be an “investment company” as defined in the Investment Company Act.
(ff) Regulations T, U, X. Neither the Company nor any Guarantor nor any of their respective subsidiaries nor any agent thereof acting on their behalf has taken, and none of them will take, any action that would cause this Agreement or the issuance or sale of the Offered Securities to violate Regulation T, Regulation U or Regulation X of the Board of Governors of the Federal Reserve System.
(gg) Ratings. No “nationally recognized statistical rating organization”, as that term is defined for purposes of Section 3 of the Exchange Act, has (i) imposed (or has informed the Company or any Guarantor that it is considering imposing) any condition (financial or otherwise) on the Company’s or any Guarantor’s retaining any rating assigned to the Company or any Guarantor or any securities of the Company or any Guarantor or (ii) has indicated to the Company or any Guarantor that it is considering any of the actions described in Section 7(b)(ii) hereof.
(hh) Tax Returns and Payment of Taxes. Except as set forth in the General Disclosure Package, the Company, the Guarantors and their respective subsidiaries have timely filed all Federal, state, local and foreign tax returns that are required to be filed or requested extensions thereof and all such tax returns are true, correct and complete, except to the extent that any failure to file or request an extension, or any incorrectness would not, individually or in the aggregate, reasonably expected to have a Material Adverse Effect. The Company, the Guarantors and their
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respective subsidiaries have timely paid all taxes shown as due on such filed tax returns (including any related assessments, fines or penalties), except to the extent that any such taxes, assessments, fines or penalties are being contested in good faith and by appropriate proceedings, or to the extent that any failure to pay would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; and adequate charges, accruals and reserves have been provided for in the financial statements referred to in clause (aa) above in accordance with GAAP in respect of all Federal, state, local and foreign taxes for all periods as to which the tax liability of the Company, the Guarantors and their respective subsidiaries has not been finally determined or remains open to examination by applicable taxing authorities except (i) for taxes incurred after the date of the financial statements referred to in clause (aa) above or (ii) where the failure to provide for such charges, accruals and reserves would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
(ii) Insurance. The Company, the Guarantors and their respective subsidiaries and each of the hospitals owned, leased or operated by them are insured by insurers of recognized financial responsibility (provided that, for purposes of this representation and warranty, it is agreed that the Company’s captive insurer Community Insurance Group Ltd. is not considered to be such an “insurer of recognized financial responsibility”) with appropriately rated claims paying abilities against such losses and risks and in such amounts as are adequate in accordance with customary industry practice for the business in which they are engaged; all policies of insurance insuring the Company, the Guarantors or any of their respective subsidiaries or their respective businesses, assets, employees, officers and directors are in full force and effect except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; the Company, the Guarantors and their respective subsidiaries are in compliance with the terms of such policies and instruments in all material respects; and there are no material claims by the Company, the Guarantors or any of their respective subsidiaries under any such policy or instrument as to which any insurance company is denying liability or defending under a reservation of rights clause; none of the Company, the Guarantors, their respective subsidiaries or any of the hospitals owned, leased or operated by them has been refused any insurance coverage sought or applied for except where they have been able to obtain similar coverage from other insurers; and neither the Company, nor any Guarantor nor any such subsidiary has any reason to believe that it or any of the hospitals owned, leased or operated by them, will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, except as set forth in or contemplated by the General Disclosure Package. The officers and directors of Holdings are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as Holdings believes are adequate in accordance with customary industry practice for officers’ and directors’ liability insurance of a public company; and Holdings has no reason to believe that it will not be able to renew its existing directors’ and officers’ liability insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to cover its officers and directors.
(jj) Medicare and Medicaid. Except as otherwise described in the General Disclosure Package or as would not reasonably be expected to have a Material Adverse Effect, all facilities owned, operated or managed as continuing operations by the Company (i) are licensed, to the extent necessary, under appropriate state laws to conduct their business as described in the General Disclosure Package; (ii) are certified for participation or enrollment in the Medicare and Medicaid programs; (iii) have the benefit of a current and valid provider contract with the Medicare and Medicaid programs and (iv) are in substantial compliance with the terms and conditions of participation in such programs and have received all approvals or qualifications necessary for reimbursement. To the knowledge of the Company, the amounts established as provisions for Medicare and Medicaid adjustments and adjustments by any other third-party payors on the consolidated financial statements of Holdings are sufficient in all material respects to pay any
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amounts for which Holdings or its subsidiaries may be liable for such adjustments. Except as described in the General Disclosure Package, the Company has not received notice from the regulatory authorities which enforce the statutory or regulatory provisions in respect of the Medicare or Medicaid programs of any pending or threatened investigations, surveys (other than routine surveys) or decertification proceedings, and to the Company’s knowledge, no such investigation, survey or proceeding is threatened or imminent, in each case, except such notices or threatened investigations, surveys or proceedings which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.
(kk) Regulatory Filings. None of the Company, the Guarantors or any of their subsidiaries or any of the hospitals operated by any of them has failed to file with applicable regulatory authorities any statement, report, information or form required by any applicable law, regulation or order, except where the failure to so file would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Except as described in the General Disclosure Package, all such filings were in compliance with applicable laws when filed and no deficiencies have been asserted by any regulatory commission, agency or authority with respect to any such filing, except for any such failures to be in compliance or deficiencies which would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
(ll) Medicare and Medicaid Provider Numbers. To the extent required in connection with their respective businesses, each of the Company, the Guarantors and their respective subsidiaries has the requisite provider number or other authorization to xxxx, and to participate in, the Medicare program and the respective Medicaid program in the state or states in which such entity operates, with the benefit of a current and valid provider contract, unless failure to maintain such provider number, other authorization or contract would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; neither the Company, the Guarantors nor their respective subsidiaries is subject to any pending or, to the Company’s or any Guarantor’s knowledge, any threatened or contemplated, or has received notice of any, action, investigation, survey or audit which could reasonably be expected to result in a revocation of any provider number, authorization or contract or in the Company’s, the Guarantors’ or any of their respective subsidiaries’ exclusion from any Medicare or Medicaid program.
(mm) Compliance with Social Security Act and Other Federal Enforcement Initiatives. Neither the Company, the Guarantors and their respective material subsidiaries, nor, to the knowledge of the Company, the Guarantors and their respective material subsidiaries, any officers, directors or stockholders, employees or other agents of the Company, the Guarantors or any of their respective material subsidiaries or the hospitals operated by them, has engaged in any activities which are prohibited under Federal Medicare and Medicaid statutes, including, but not limited to, 42 U.S.C. §§ 1320a-7 (Program Exclusion), 1320a-7a (Civil Monetary Penalties), 1320a-7b (the Anti-kickback Statute), 42 U.S.C. § 1395nn and 1396b (the “Xxxxx” law, prohibiting certain self-referrals), or any other Federal health regulatory law, including, but not limited to, the Xxxxxxx XXXXXXX xxxxxxx, 00 X.X.X. §0000 et seq., the Federal Civil False Claims Act, 31 U.S.C. §§ 3729-32, Federal Criminal False Claims Act, 18 U.S.C. § 287, False Statements Relating to Health Care Matters, 18 U.S.C. § 1035, Health Care Fraud, 18 U.S.C. § 1347 or the Federal Food, Drug & Cosmetics Act, 21 U.S.C. § 360aaa, or any regulations promulgated pursuant to such statutes, or related state or local statutes or regulations or any rules of professional conduct, including but not limited to the following: (i) knowingly and willfully making or causing to be made a false statement or representation of a material fact in any applications for any benefit or payment under the Medicare or Medicaid program or from any third party (where applicable Federal or state law prohibits such payments to third parties); (ii) knowingly and willfully making or causing to be made any false statement or representation of a material fact for use in determining rights to any benefit or payment under any Medicare or Medicaid program or from any third party (where applicable Federal or state law prohibits such payments to third parties); (iii) failing to disclose knowledge by a claimant of the occurrence of any event affecting the initial
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or continued right to any benefit or payment under any Medicare or Medicaid program or from any third party (where applicable Federal or state law prohibits such payments to third parties) on its own behalf or on behalf of another, with intent to secure such benefit or payment fraudulently; (iv) knowingly and willfully offering, paying, soliciting or receiving any remuneration (including any kickback, bribe or rebate), directly or indirectly, overtly or covertly, in cash or in kind (A) in return for referring an individual to a person for the furnishing or arranging for the furnishing of any item or service for which payment may be made in whole or in part by Medicare or Medicaid or any third party (where applicable Federal or state law prohibits such payments to third parties) or (B) in return for purchasing, leasing or ordering or arranging for or recommending the purchasing, leasing or ordering of any good, facility, service, or item for which payment may be made in whole or in part by Medicare or Medicaid or any third party (where applicable Federal or state law prohibits such payments to third parties); (v) knowingly and willfully referring an individual to a person with which they have ownership or certain other financial arrangements (where applicable Federal law prohibits such referrals) and (vi) knowingly and willfully violating any enforcement initiative instituted by any governmental agency against Holdings or its subsidiaries (including, without limitation, the Office of the Inspector General and the Department of Justice), except as disclosed in the General Disclosure Package or which would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
(nn) Accounts Receivable. The accounts receivable of the Company, the Guarantors and their respective subsidiaries have been adjusted to reflect changes in the reimbursement policies of third-party payors such as Medicare, Medicaid, private insurance companies, health maintenance organizations, preferred provider organizations, managed care systems and other third-party payors; the accounts receivable, after giving effect to the allowance for doubtful accounts, relating to such third-party payors do not exceed amounts the Company, the Guarantors and their respective subsidiaries are entitled to receive; and any amounts established as provisions for Medicare and Medicaid adjustments or overpayments and adjustments or overpayments by any other third-party payors on the financial statements of the Company are sufficient in all respects to pay any amounts for which the Company, the Guarantors and their respective subsidiaries may be liable for such adjustments or overpayments, other than in each case as would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect.
(oo) Compliance with Anti-Money Laundering Laws and Anti-Bribery Laws. The operations of the Company, the Guarantors and their respective subsidiaries are and have been conducted in all material respects in compliance with applicable financial record keeping and reporting requirements relating to money laundering applicable to the Company, the Guarantors and their respective subsidiaries, and, to the knowledge of the Company, the Guarantors and their respective subsidiaries, any related or similar statutes, rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Money Laundering Laws”), and to the knowledge of the Company and the Guarantors, no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or the Guarantors with respect to the Money Laundering Laws is pending or threatened, and neither the Company nor the Guarantors has (i) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity, (ii) made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds, or (iii) caused the Company or the Guarantors to be in violation of any provision of any applicable national or local law regulating payments to governmental officials or employees.
(pp) OFAC. None of the Company, the Guarantors or their subsidiaries or, to the knowledge of the Company, the Guarantors and their subsidiaries, any director, officer, agent, employee or affiliate of the Company, the Guarantors or their subsidiaries is currently subject to any sanctions administered or enforced by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); and the Company will not directly or indirectly use the proceeds of the offering, or
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lend, contribute or otherwise make available such proceeds to any Guarantor, subsidiary, any joint venture partner or any other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC or in any other manner that will result in a violation of any U.S. sanctions administered by OFAC.
3. Purchase, Sale and Delivery of Offered Securities. On the basis of the representations, warranties and agreements and subject to the terms and conditions set forth herein, the Company agrees to sell to the several Underwriters, and each of the Underwriters agrees, severally and not jointly, to purchase from the Company, at a purchase price of 98.5343% of the principal amount thereof plus accrued interest from July 18, 2012 to the Closing Date (as hereinafter defined) the respective principal amounts of Offered Securities set forth opposite the names of the Underwriters in Schedule A hereto.
The Company will deliver the Offered Securities to or as instructed by the Representative for the accounts of the several Underwriters in a form reasonably acceptable to the Representative against payment of the purchase price by the Underwriters in Federal (same day) funds by wire transfer to an account at a bank acceptable to Credit Suisse drawn to the order of the Company (or its designee) at the office of Cravath, Swaine & Xxxxx LLP, at 9:00 A.M., New York time, on July 18, 2012, or at such other time not later than seven full business days thereafter as the Representative and the Company determine, such time being herein referred to as the “Closing Date”. For purposes of Rule 15c6-1 under the Securities Exchange Act of 1934, the Closing Date (if later than the otherwise applicable settlement date) shall be the settlement date for payment of funds and delivery of securities for all the Offered Securities sold pursuant to the offering. The Offered Securities so to be delivered or evidence of their issuance will be made available for checking at the above office of Cravath, Swaine & Xxxxx LLP at least 24 hours prior to the Closing Date.
4. Offering by Underwriters. It is understood that the several Underwriters propose to offer the Offered Securities for sale to the public as set forth in the General Disclosure Package and the Final Prospectus.
5. Certain Agreements of the Company and each Guarantor. The Company and each of the Guarantors agree with the several Underwriters that:
(a) Filing of Prospectuses. The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the Representative, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company and the Guarantors have complied and will comply with Rule 433.
(b) Filing of Amendments; Response to Commission Requests. The Company and the Guarantors will advise the Representative as promptly as practicable of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any such amendment or supplement; and the Company and the Guarantors will also advise the Representative as promptly as practicable of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose or pursuant to Section 8A of the Act, and (iv) the receipt by the Company or any Guarantor of any notification with respect to the suspension of the qualification of the Offered Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company and the Guarantors will use their reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, to obtain as soon as possible the withdrawal thereof.
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(c) Continued Compliance with Securities Laws. If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented (or, if prior to the time when a Final Prospectus is available, the General Disclosure Package) would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus (or, if prior to the time when a Final Prospectus is available, the General Disclosure Package) to comply with the Act, the Company and the Guarantors will as promptly as practicable notify the Representative of such event and will as promptly as practicable prepare and file with the Commission and furnish, at their own expense, to the Underwriters and the dealers and any other dealers upon the reasonable request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof.
(d) Rule 158. As soon as practicable, but not later than 16 months, after the date of this Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(e) Furnishing of Prospectuses. The Company and the Guarantors will furnish to the Representative copies of the Registration Statement, including all exhibits, any Statutory Prospectus, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Company and the Guarantors will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) Blue Sky Qualifications. The Company and the Guarantors will use commercially reasonable efforts to arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions in the United States and Canada as the Representative designates and will use commercially reasonable efforts to continue such qualifications in effect so long as required for the distribution, provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) Reporting Requirements. For so long as the Offered Securities remain outstanding, the Company and the Guarantors will furnish to the Representative and, upon reasonable request, to each of the other Underwriters, as soon as reasonably practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year (but shall not be required to furnish such reports earlier than it would be required to file or provide them under the Exchange Act); and the Company and the Guarantors will furnish to the Representative and, upon reasonable request, to each of the other Underwriters (i) as soon as available, a copy of each report and any definitive proxy statement of Holdings filed with the Commission under the Exchange Act or mailed to stockholders, and (ii) from time to time, such other information concerning the Company and the Guarantors as the Representative may reasonably request. However, so long as Holdings is subject to the reporting requirements of either Section 13 or Section 15(d) of the Exchange Act and is timely filing reports with the Commission on its Electronic Data Gathering, Analysis and Retrieval system (“XXXXX”), it is not required to furnish such reports or statements to the Underwriters.
(h) Investment Company. During the period of two years after the Closing Date, neither the Company nor any Guarantor will be or become an open-end investment company, unit investment trust or face-amount certificate company that is or is required to be registered under Section 8 of the Investment Company Act.
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(i) Payment of Expenses. The Company and the Guarantors will pay all expenses incident to the performance of their obligations under this Agreement and the Indenture, including but not limited to any filing fees and other expenses (including fees and disbursements of counsel to the Underwriters) incurred in connection with qualification of the Offered Securities for sale, any fees charged by investment rating agencies for the rating of the Offered Securities, costs and expenses related to the review by the Financial Industry Regulatory Authority, Inc. of the Offered Securities (including filing fees and the fees and expenses of counsel for the Underwriters relating to such review), costs and expenses relating to investor presentations or any “road show” in connection with the offering and sale of the Offered Securities, including, without limitation, any travel expenses of the Company’s or any Guarantor’s officers and employees and any other expenses of the Company and the Guarantors, fees and expenses in connection with the registration of the Offered Securities under the Exchange Act, and expenses incurred in distributing preliminary prospectuses and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and for expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. Notwithstanding anything to the contrary contained in this paragraph, if applicable, (1) the Underwriters agree to pay for their respective costs relating to meals, lodging and ground transportation in connection with such investor presentations and (2) the Company and the Underwriters each agree to pay 50% of the cost relating to the Company’s aircraft to be used by the Company and the Underwriters in connection with such investor presentations; provided that the costs of depreciation of the Company’s aircraft shall not exceed the cost of chartering an aircraft.
(j) Use of Proceeds. The Company will use the net proceeds received in connection with this offering in the manner described in the “Use of Proceeds” section of the General Disclosure Package and, except as disclosed in the General Disclosure Package, the Company does not intend to use any of the proceeds from the sale of the Offered Securities hereunder to repay any outstanding debt owed to any affiliate of any Underwriter.
(k) Absence of Manipulation. The Company, the Guarantors and their respective controlled affiliates will not take, directly or indirectly, any action designed to or that would constitute or that might reasonably be expected to cause or result in, stabilization or manipulation of the price of any securities of the Company or any Guarantor to facilitate the sale or resale of the Offered Securities.
(l) Restriction on Sale of Securities. For a period of 60 days after the date hereof (the “Lock-Up Period”), neither the Company nor any Guarantor will, directly or indirectly, take any of the following actions with respect to any United States dollar denominated debt securities issued or guaranteed by the Company or such Guarantor and having a maturity of more than one year from the date of issue or any securities convertible into or exchangeable or exercisable for any of such securities (“Lock-Up Securities”): (i) offer, sell, issue, contract to sell, pledge or otherwise dispose of Lock-Up Securities, (ii) offer, sell, issue, contract to sell, contract to purchase or grant any option, right or warrant to purchase Lock-Up Securities, (iii) enter into any swap, hedge or any other agreement that transfers, in whole or in part, the economic consequences of ownership of Lock-Up Securities, (iv) establish or increase a put equivalent position or liquidate or decrease a call equivalent position in Lock-Up Securities within the meaning of Section 16 of the Exchange Act or (v) file with the Commission a registration statement under the Act relating to Lock-Up Securities, or publicly disclose the intention to take any such action, in each case, without the prior written consent of the Representative; provided however, that such restrictions will not apply to (t) issuances of Lock-Up Securities pursuant to the exchange offers contemplated under the Registration Rights Agreements, (u) grants of employee stock options pursuant to the terms of a plan in effect on the date hereof, (v) employee deferred compensation plans in effect on
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the date hereof, (w) employee deferred cash plans in effect on the date hereof, (x) any securitization, structured financing, factoring or sales transaction involving accounts receivable or other rights to receive payment, (y) issuances of Lock-Up Securities pursuant to the exercise of such options or the exercise of any other employee stock options outstanding on the date hereof or issuances of Lock-Up Securities pursuant to the Company’s or such Guarantor’s dividend reinvestment plan and (z) the Offered Securities.
(m) The Company will use commercially reasonable efforts to provide such information and documentation to the Purchasers as may be reasonably required for the Offered Securities to be eligible for clearance and settlement through DTC.
6. Free Writing Prospectuses. (a) Issuer Free Writing Prospectuses. Each of the Company and each Guarantor represents and agrees that, unless it obtains the prior consent of the Representative, and each Underwriter represents and agrees that, unless it obtains the prior consent of the Company and the Representative, it has not made and will not make any offer relating to the Offered Securities that would constitute an Issuer Free Writing Prospectus, or that would otherwise constitute a “free writing prospectus,” as defined in Rule 405, required to be filed with the Commission. Any such free writing prospectus consented to by the Company and the Representative is hereinafter referred to as a “Permitted Free Writing Prospectus.” Each of the Company and each Guarantor represents that it has treated and agrees that it will treat each Permitted Free Writing Prospectus as an “issuer free writing prospectus,” as defined in Rule 433, and has complied and will comply with the requirements of Rules 164 and 433 applicable to any Permitted Free Writing Prospectus, including timely Commission filing where required, legending and record keeping.
(b) Term Sheets. The Company will prepare a final term sheet relating to the Offered Securities, containing only information that describes the final terms of the Offered Securities and otherwise in a form consented to by the Representative, and will file such final term sheet within the period required by Rule 433(d)(5)(ii) following the date such final terms have been established for all classes of the offering of the Offered Securities. Any such final term sheet is an Issuer Free Writing Prospectus and a Permitted Free Writing Prospectus for purposes of this Agreement. The Company also consents to the use by any Underwriter of a free writing prospectus that contains only (i)(x) information describing the preliminary terms of the Offered Securities or their offering or (y) information that describes the final terms of the Offered Securities or their offering and that is included in the final term sheet of the Company contemplated in the first sentence of this subsection or (ii) other information that is not “issuer information,” as defined in Rule 433, it being understood that any such free writing prospectus referred to in clause (i) or (ii) above shall not be an Issuer Free Writing Prospectus for purposes of this Agreement.
7. Conditions of the Obligations of the Underwriters. The obligations of the several Underwriters to purchase and pay for the Offered Securities on the Closing Date will be subject to the accuracy of the representations and warranties of the Company and the Guarantors herein (as of the date hereof and as though made on the Closing Date), to the accuracy of the statements of Company’s and the Guarantors’ respective officers made pursuant to the provisions hereof, to the performance by the Company and the Guarantors of their obligations hereunder and to the following additional conditions precedent:
(a) Accountants’ Comfort Letter. The Representative shall have received letters, dated, respectively, the date hereof and the Closing Date, of Deloitte & Touche LLP confirming that they are a registered public accounting firm and independent public accountants within the meaning of the Securities Laws and substantially in the form of Schedule D hereto (except that, in any letter dated as of the Closing Date, the specified date referred to in Schedule D hereto shall be a date no more than three days prior to the Closing Date).
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(b) Filing of Prospectus. The Final Prospectus shall have been filed with the Commission in accordance with the Rules and Regulations and Section 5(a) hereof. No stop order suspending the effectiveness of the Registration Statement or of any part thereof shall have been issued and no proceedings for that purpose or pursuant to Section 8A of the Act shall have been instituted or, to the knowledge of the Company, any Guarantor or any Underwriter, shall be contemplated by the Commission.
(c) No Material Adverse Change. Subsequent to the execution and delivery of this Agreement, there shall not have occurred (i) any change, or any development or event involving a prospective change, in the condition (financial or otherwise), results of operations, business, properties or prospects of the Company, the Guarantors and their respective subsidiaries taken as a whole which, in the judgment of the Representative, is material and adverse and makes it impractical or inadvisable to market the Offered Securities; (ii) any downgrading in the rating of any debt securities or preferred stock of the Company or any Guarantor by any “nationally recognized statistical rating organization” (as defined in Section 3 of the Exchange Act), or any public announcement that any such organization has under surveillance or review its rating of any debt securities or preferred stock of the Company or any Guarantor (other than an announcement with positive implications of a possible upgrading, and no implication of a possible downgrading, of such rating) or any announcement that the Company or any Guarantor has been placed on negative outlook; (iii) any change in U.S. or international financial, political or economic conditions or currency exchange rates or exchange controls the effect of which is such as to make it, in the judgment of the Representative, impractical to market or to enforce contracts for the sale of the Offered Securities, whether in the primary market or in respect of dealings in the secondary market; (iv) any suspension or material limitation of trading in securities generally on the New York Stock Exchange, or any setting of minimum or maximum prices for trading on such exchange; (v) any suspension of trading of any securities of the Company or any Guarantor on any exchange or in the over-the-counter market; (vi) any banking moratorium declared by any U.S. federal or New York authorities; (vii) any major disruption of settlements of securities, payment, or clearance services in the United States or any other country where such securities are listed or (viii) any attack on, outbreak or escalation of hostilities or act of terrorism involving the United States any declaration of war by Congress or any other national or international calamity or emergency if, in the judgment of the Representative, the effect of any such attack, outbreak, escalation, act, declaration, calamity or emergency is such as to make it, in the judgment of the Representative, impractical or inadvisable to market the Offered Securities or to enforce contracts for the sale of the Offered Securities.
(d) Opinion of Counsel for Company. The Underwriters shall have received an opinion, dated the Closing Date, of Xxxxxxxx & Xxxxx LLP, counsel for the Company and the Guarantors, substantially in the form as set forth on Exhibit A hereto.
(e) Opinion of General Counsel for Holdings. The Representative shall have received an opinion, dated the Closing Date, of Xxxxxx Xxxxxxx, General Counsel for Holdings, substantially in the form as set forth on Exhibit B hereto.
(f) Opinion of Counsel for Underwriters. The Underwriters shall have received from Cravath, Swaine & Xxxxx LLP, counsel for the Underwriters, such opinion or opinions, dated the Closing Date, with respect to such matters as the Representative may require, and the Company and the Guarantors shall have furnished to such counsel such documents as they request for the purpose of enabling them to pass upon such matters.
(g) Officers’ Certificate. The Underwriters shall have received a certificate, dated as of the Closing Date, of an executive officer of the Company and the Guarantors and a principal financial or accounting officer of the Company with respect to the Company and the Guarantors in which such officers shall state that: the representations and warranties of the Company and the
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Guarantors in this Agreement are true and correct; the Company and the Guarantors have complied with all agreements and satisfied all conditions on their part to be performed or satisfied hereunder at or prior to the Closing Date; no stop order suspending the effectiveness of the Registration Statement has been issued and no proceedings for that purpose have been instituted or, to the best of their knowledge and after reasonable investigation, are contemplated by the Commission; and, subsequent to the date of the most recent financial statements in the General Disclosure Package, there has been no material adverse change, nor any development or event involving a prospective material adverse change, in the condition (financial or otherwise), results of operations, business, properties or prospects of the Company, the Guarantors and their respective subsidiaries taken as a whole except as set forth in the General Disclosure Package or as described in such certificate.
(h) Additional Documents. The Underwriters shall have received secretary’s certificates, dated the Closing Date, reasonably satisfactory to the Underwriters which shall include the following documents with respect to the Company and each of the Guarantors as the Representative shall reasonably request: (i) the certificates of organization or comparable documents; (ii) by-laws or comparable organizational documents; (iii) resolutions of the Board of Directors of each entity or comparable documents, (iv) certificates of good standing from the jurisdiction of organization of each such entity and (v) certificates of good standing and/or qualifications to do business as a foreign corporation in such jurisdictions as the Underwriters shall reasonably request.
(i) Offered Securities. On or prior to the Closing Date, the Offered Securities shall have been duly executed, issued and delivered to the Underwriters by the Company and authenticated by the Trustee.
(j) Absence of Certain Actions. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any governmental agency or body which would, as of the Closing Date, prevent the issuance, sale or subsequent resale by the Underwriters of the Offered Securities as contemplated.
The Company and the Guarantors will furnish the Representative with such conformed copies of such opinions, certificates, letters and documents as the Representative reasonably requests. The Representative may in its sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder.
8. Indemnification and Contribution. (a) Indemnification of Underwriters. The Company and the Guarantors will, jointly and severally, indemnify and hold harmless each Underwriter, its partners, members, directors, officers, employees, agents, affiliates and each person, if any, who controls such Underwriter within the meaning of Section 15 of the Act or Section 20 of the Exchange Act (each, an “Indemnified Party”), against any and all losses, claims, damages or liabilities, joint or several, to which such Indemnified Party may become subject, under the Act, the Exchange Act, other Federal or state statutory law or regulation or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in any part of the Registration Statement at any time or arise out of or are based upon the omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading or (ii) any untrue statement or alleged untrue statement of any material fact contained in any Statutory Prospectus as of any time, the Final Prospectus or any Issuer Free Writing Prospectus, or arise out of or are based upon the omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading and, in each case, will reimburse each Indemnified Party for any legal or other expenses reasonably incurred by such Indemnified Party in connection with investigating, preparing or defending against any loss, claim, damage, liability, action, litigation, investigation or proceeding whatsoever (whether or not such Indemnified Party is a party thereto), whether
19
threatened or commenced, and in connection with the enforcement of this provision with respect to any of the above as such expenses are incurred; provided, however, that the Company and the Guarantors will not be liable in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged untrue statement in or omission or alleged omission from any of such documents in reliance upon and in conformity with written information furnished to the Company by any Underwriter through the Representative specifically for use therein, it being understood and agreed that the only such information furnished by any Underwriter consists of the information described as such in subsection (b) below.
(b) Indemnification of Company. Each Underwriter will severally and not jointly indemnify and hold harmless each of the Company, the Guarantors, each of their respective officers, employees, agents, partners, members, directors and affiliates and each person, if any, who controls the Company or such Guarantor within the meaning of Section 15 of the Act or Section 20 of the Exchange Act (each, an “Underwriter Indemnified Party”), against any losses, claims, damages or liabilities to which such Underwriter Indemnified Party may become subject, under the Act, the Exchange Act, other Federal or state statutory law or regulation or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in any part of the Registration Statement at any time or arise out of or are based upon the omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading or (ii) any untrue statement or alleged untrue statement of any material fact contained in any Statutory Prospectus as of any time, the Final Prospectus, or any Issuer Free Writing Prospectus, or arise out of or are based upon the omission or the alleged omission of a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information furnished to the Company by such Underwriter through the Representative specifically for use therein, and will reimburse any legal or other expenses reasonably incurred by such Underwriter Indemnified Party in connection with investigating, preparing or defending against any such loss, claim, damage, liability, action, litigation, investigation or proceeding whatsoever (whether or not such Underwriter Indemnified Party is a party thereto), whether threatened or commenced, based upon any such untrue statement or omission, or any such alleged untrue statement or omission as such expenses are incurred, it being understood and agreed that the only such information furnished by any Underwriter consists of the following information in the Final Prospectus under the caption “Underwriting” furnished on behalf of each Underwriter: (i) the legal name of such Underwriter, (ii) the third paragraph and (iii) the second sentence in the tenth paragraph.
(c) Actions against Parties; Notification. Promptly after receipt by an indemnified party under this Section of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under subsection (a) or (b) above, notify the indemnifying party of the commencement thereof; but the failure to notify the indemnifying party shall not relieve it from any liability that it may have under subsection (a) or (b) above (or, if applicable, subsection (d) below) except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided further that the failure to notify the indemnifying party shall not relieve it from any liability that it may have to an indemnified party otherwise than under subsection (a) or (b) above. In case any such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be entitled to participate therein and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnifying party), and after notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party under this Section for any legal or other expenses subsequently incurred by such indemnified party in connection with the defense thereof other than reasonable costs of investigation. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any pending or threatened action in respect of which any
20
indemnified party is or could have been a party and indemnity could have been sought hereunder by such indemnified party unless such settlement (i) includes an unconditional release of such indemnified party from all liability on any claims that are the subject matter of such action and (ii) does not include a statement as to, or an admission of, fault, culpability or a failure to act by or on behalf of an indemnified party.
(d) Contribution. If the indemnification provided for in this Section is unavailable or insufficient to hold harmless an indemnified party under subsection (a) or (b) above, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of the losses, claims, damages or liabilities referred to in subsection (a) or (b) above (i) in such proportion as is appropriate to reflect the relative benefits received by the Company on the one hand and the Underwriters on the other from the offering of the Offered Securities or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the Company and the Guarantors on the one hand and the Underwriters on the other in connection with the statements or omissions which resulted in such losses, claims, damages or liabilities as well as any other relevant equitable considerations. The relative benefits received by the Company and the Guarantors on the one hand and the Underwriters on the other shall be deemed to be in the same proportion as the total net proceeds from the offering (before deducting expenses) received by the Company bear to the total underwriting discounts and commissions received by the Underwriters. The relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company and the Guarantors or the Underwriters and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such untrue statement or omission. The amount paid by an indemnified party as a result of the losses, claims, damages or liabilities referred to in the first sentence of this subsection (d) shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any action or claim which is the subject of this subsection (d). Notwithstanding the provisions of this subsection (d), no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Securities underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages which such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Underwriters’ obligations in this subsection (d) to contribute are several in proportion to their respective underwriting obligations and not joint. The Company, the Guarantors and the Underwriters agree that it would not be just and equitable if contribution pursuant to this Section 8(d) were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to in this Section 8(d).
9. Default of Underwriters. If any Underwriter or Underwriters default in their obligations to purchase Offered Securities hereunder on the Closing Date and the aggregate principal amount of Offered Securities that such defaulting Underwriter or Underwriters agreed but failed to purchase does not exceed 10% of the total principal amount of Offered Securities that the Underwriters are obligated to purchase on such Closing Date, the Representative may make arrangements satisfactory to the Company for the purchase of such Offered Securities by other persons, including any of the Underwriters, but if no such arrangements are made by such Closing Date, the non-defaulting Underwriters shall be obligated severally, in proportion to their respective commitments hereunder, to purchase the Offered Securities that such defaulting Underwriters agreed but failed to purchase on the Closing Date. If any Underwriter or Underwriters so default and the aggregate principal amount of Offered Securities with respect to which such default or defaults occur exceeds 10% of the total principal amount of Offered Securities that the Underwriters are obligated to purchase on such Closing Date and arrangements satisfactory to the Representative and the Company for the purchase of such Offered Securities by other persons are not made within 36 hours after such default, this Agreement will terminate without liability on the part of any non-defaulting Underwriter or the Company, except as provided in Section 10. As used in this Agreement, the term “Underwriter” includes any person substituted for an Underwriter under this Section. Nothing herein will relieve a defaulting Underwriter from liability for its default.
21
10. Survival of Certain Representations and Obligations. The respective indemnities, agreements, representations, warranties and other statements of the Company, the Guarantors or their respective officers and of the several Underwriters set forth in or made pursuant to this Agreement will remain in full force and effect, regardless of any investigation, or statement as to the results thereof, made by or on behalf of any Underwriter, the Company, the Guarantors or any of their respective representatives, officers or directors or any controlling person, and will survive delivery of and payment for the Offered Securities. If the purchase of the Offered Securities by the Underwriters is not consummated for any reason other than solely because of the termination of this Agreement pursuant to Section 9 or the occurrence of any event specified in clause (iii), (iv), (vi), (vii) or (viii) of Section 7(c), the Company and the Guarantors will reimburse the Underwriters for all out-of-pocket expenses (including fees and disbursements of counsel) reasonably incurred by them in connection with the offering of the Offered Securities, and the respective obligations of the Company, the Guarantors and the Underwriters pursuant to Section 8 hereof shall remain in effect. In addition, if any Offered Securities have been purchased hereunder the representations and warranties in Section 2 and all obligations under Section 5 shall also remain in effect.
11. Notices. All communications hereunder will be in writing and, if sent to the Underwriters will be mailed, delivered or sent via facsimile and confirmed to the Underwriters, c/o Credit Suisse Securities (USA) LLC, Eleven Xxxxxxx Xxxxxx, Xxx Xxxx, XX 00000-0000, Attention: LCD-IBD, or, if sent to the Company or the Guarantors, will be mailed, delivered or sent via facsimile to (000) 000-0000 and confirmed to it at 0000 Xxxxxxxx Xxxxxxxxx, Xxxxxxxx, XX 00000-0000, Attention: General Counsel; provided, however, that any notice to an Underwriter pursuant to Section 8 will be mailed, delivered or sent via facsimile and confirmed to such Underwriter.
12. Successors. This Agreement will inure to the benefit of and be binding upon the parties hereto and their respective successors and the indemnified persons referred to in Section 8, and no other person will have any right or obligation hereunder.
13. Representation of Underwriters. The Representative will act for the several Underwriters in connection with this financing, and any action under this Agreement taken by the Representative will be binding upon all the Underwriters.
14. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall together constitute one and the same Agreement.
15. Absence of Fiduciary Relationship. The Company and the Guarantors acknowledge and agree that:
(a) No Other Relationship. Each Underwriter has been retained solely to act as underwriters in connection with the sale of Offered Securities and that no fiduciary, advisory or agency relationship between the Company or the Guarantors and any Underwriter has been created in respect of any of the transactions contemplated by this Agreement or the Final Prospectus, irrespective of whether any Underwriter has advised or is advising the Company or any Guarantor on other matters;
(b) Arms’ Length Negotiations. The price of the Offered Securities set forth in this Agreement was established by the Company and the Guarantors following discussions and arms’-length negotiations with the Underwriters, and the Company and the Guarantors are capable of evaluating and understanding, and understand and accept, the terms, risks and conditions of the transactions contemplated by this Agreement;
22
(c) Absence of Obligation to Disclose. The Company and the Guarantors have been advised that the Underwriters and their respective affiliates are engaged in a broad range of transactions which may involve interests that differ from those of the Company or the Guarantors and that the Underwriters have no obligation to disclose such interests and transactions to the Company or the Guarantors by virtue of any fiduciary, advisory or agency relationship; and
(d) Waiver. Each of the Company and each Guarantor waives, to the fullest extent permitted by law, any claims it may have against any Underwriter for breach of fiduciary duty or alleged breach of fiduciary duty and agrees that each Underwriter shall have no liability (whether direct or indirect) to the Company or any Guarantor in respect of such a fiduciary duty claim or to any person asserting a fiduciary duty claim on behalf of or in right of the Company or any Guarantor, including stockholders, employees or creditors of the Company or any Guarantor.
16. Applicable Law; Waiver of Jury Trial. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. The Company, the Guarantors and the Underwriters hereby agree on their own behalf and, to the extent permitted by applicable law, on behalf of their affiliates, to waive any right to a trial by jury with respect to any claim, counter-claim or action arising out of or in connection with this Agreement or the transactions contemplated hereby.
The Company, the Guarantors and the Underwriters hereby submit to the non-exclusive jurisdiction of the Federal and state courts in the Borough of Manhattan in The City of New York in any suit or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. The Company, the Guarantors and the Underwriters irrevocably and unconditionally waive any objection to the laying of venue of any suit or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby in Federal and state courts in the Borough of Manhattan in The City of New York and irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such suit or proceeding in any such court has been brought in an inconvenient forum.
23
If the foregoing is in accordance with the Representative’s understanding of our agreement, kindly sign and return to the Company one of the counterparts hereof, whereupon it will become a binding agreement between the Company, the Guarantors and the several Underwriters in accordance with its terms.
| Very truly yours, | ||||
| CHS/COMMUNITY HEALTH SYSTEMS, INC. | ||||
| By: |
/s/ W. Xxxxx Xxxx | |||
| Name: | W. Xxxxx Xxxx | |||
| Title: | Executive Vice President/Chief Financial Officer | |||
| ABILENE HOSPITAL, LLC | CLEVELAND TENNESSEE HOSPITAL COMPANY, LLC | |
| ABILENE MERGER, LLC | CLINTON HOSPITAL CORPORATION | |
| XXXX HOSPITAL CORPORATION | COATESVILLE HOSPITAL CORPORATION | |
| BERWICK HOSPITAL COMPANY, LLC | COLLEGE STATION HOSPITAL, L.P. | |
| BIG BEND HOSPITAL CORPORATION | COLLEGE STATION MEDICAL CENTER, LLC | |
| BIG SPRING HOSPITAL CORPORATION | COLLEGE STATION MERGER, LLC | |
| BIRMINGHAM HOLDINGS II, LLC | COMMUNITY GP CORP. | |
| BIRMINGHAM HOLDINGS, LLC | COMMUNITY HEALTH INVESTMENT COMPANY, LLC | |
| BLUEFIELD HOLDINGS, LLC | COMMUNITY HEALTH SYSTEMS, INC. | |
| BLUEFIELD HOSPITAL COMPANY, LLC | COMMUNITY LP CORP. | |
| BLUFFTON HEALTH SYSTEM, LLC | CP HOSPITAL GP, LLC | |
| BROWNSVILLE HOSPITAL CORPORATION | CPLP, LLC | |
| BROWNWOOD HOSPITAL, L.P. | CRESTWOOD HOSPITAL, LLC | |
| BROWNWOOD MEDICAL CENTER, LLC | CRESTWOOD HOSPITAL, LP, LLC | |
| BULLHEAD CITY HOSPITAL CORPORATION | CSMC, LLC | |
| BULLHEAD CITY HOSPITAL INVESTMENT CORPORATION | CSRA HOLDINGS, LLC | |
| CARLSBAD MEDICAL CENTER, LLC | DEACONESS HOLDINGS, LLC | |
| CENTRE HOSPITAL CORPORATION | DEACONESS HOSPITAL HOLDINGS, LLC | |
| CHHS HOLDINGS, LLC | XXXXXX HOSPITAL CORPORATION | |
| CHS KENTUCKY HOLDINGS, LLC | DESERT HOSPITAL HOLDINGS, LLC | |
| CHS PENNSYLVANIA HOLDINGS, LLC | XXXXX HOSPITAL, LLC | |
| CHS VIRGINIA HOLDINGS, LLC | DHFW HOLDINGS, LLC | |
| CHS WASHINGTON HOLDINGS, LLC | DHSC, LLC | |
| CLARKSVILLE HOLDINGS, LLC | XXXXX HEALTH SYSTEM, LLC | |
| CLEVELAND HOSPITAL CORPORATION | DYERSBURG HOSPITAL CORPORATION | |
| By: | /s/ Xxxxxx X. Xxxxxxx |
|||||
| Name: | Xxxxxx X. Xxxxxxx | |||||
| Title: | Executive Vice President |
Acting on behalf of each of the Guarantors set forth above
| EMPORIA HOSPITAL CORPORATION | XXX COUNTY HOSPITAL CORPORATION | |
| EVANSTON HOSPITAL CORPORATION | XXX COUNTY OKLAHOMA HOSPITAL COMPANY, LLC | |
| FALLBROOK HOSPITAL CORPORATION | KIRKSVILLE HOSPITAL COMPANY, LLC | |
| XXXXX HOSPITAL CORPORATION | LAKEWAY HOSPITAL CORPORATION | |
| FORREST CITY ARKANSAS HOSPITAL COMPANY, LLC | LANCASTER HOSPITAL CORPORATION | |
| XXXXXXX CITY HOSPITAL CORPORATION | LAS CRUCES MEDICAL CENTER, LLC | |
| FORT XXXXX HOSPITAL CORPORATION | LEA REGIONAL HOSPITAL, LLC | |
| FRANKFORT HEALTH PARTNER, INC. | LEXINGTON HOSPITAL CORPORATION | |
| FRANKLIN HOSPITAL CORPORATION | LONGVIEW MERGER, LLC | |
| GADSDEN REGIONAL MEDICAL CENTER, LLC | LRH, LLC | |
| GALESBURG HOSPITAL CORPORATION | LUTHERAN HEALTH NETWORK OF INDIANA, LLC | |
| GRANBURY HOSPITAL CORPORATION | XXXXXX HOSPITAL CORPORATION | |
| GRANITE CITY HOSPITAL CORPORATION | XXXXXX HOSPITAL CORPORATION | |
| GRANITE CITY ILLINOIS HOSPITAL COMPANY, LLC | MASSILLON COMMUNITY HEALTH SYSTEM LLC | |
| GREENVILLE HOSPITAL CORPORATION | MASSILLON HEALTH SYSTEM LLC | |
| GRMC HOLDINGS, LLC | MASSILLON HOLDINGS, LLC | |
| HALLMARK HEALTHCARE COMPANY, LLC | XXXXXXXX TENNESSEE HOSPITAL COMPANY, LLC | |
| XXXXX MEDCO, LLC | MCNAIRY HOSPITAL CORPORATION | |
| HOSPITAL OF BARSTOW, INC. | MCSA, L.L.C. | |
| HOSPITAL OF XXXXXX, INC. | MEDICAL CENTER OF BROWNWOOD, LLC | |
| HOSPITAL OF LOUISA, INC. | MERGER LEGACY HOLDINGS, LLC | |
| HOSPITAL OF MORRISTOWN, INC. | MMC OF NEVADA, LLC | |
| XXXXXXX HOSPITAL CORPORATION (KY) | XXXXXXX HOSPITAL COMPANY, LLC | |
| XXXXXXX HOSPITAL CORPORATION (TN) | MWMC HOLDINGS, LLC | |
| JOURDANTON HOSPITAL CORPORATION | NANTICOKE HOSPITAL COMPANY, LLC | |
| By: | /s/ Xxxxxx X. Xxxxxxx |
|||||
| Name: | Xxxxxx X. Xxxxxxx | |||||
| Title: | Executive Vice President |
Acting on behalf of each of the Guarantors set forth above
| NATIONAL HEALTHCARE OF LEESVILLE, INC. | QHG OF XXXXXXX COUNTY, INC. | |
| NATIONAL HEALTHCARE OF MT. XXXXXX, INC. | QHG OF FORT XXXXX COMPANY, LLC | |
| NATIONAL HEALTHCARE OF NEWPORT, INC. | QHG OF HATTIESBURG, INC. | |
| XXXXXXX HOSPITAL, L.P. | QHG OF MASSILLON, INC. | |
| XXXXXXX REGIONAL, LLC | QHG OF SOUTH CAROLINA, INC. | |
| NC-DSH, LLC | QHG OF SPARTANBURG, INC. | |
| NORTHAMPTON HOSPITAL COMPANY, LLC | QHG OF SPRINGDALE, INC. | |
| NORTHWEST HOSPITAL, LLC | QHG OF WARSAW COMPANY, LLC | |
| NOV HOLDINGS, LLC | QUORUM HEALTH RESOURCES, LLC | |
| NRH, LLC | RED BUD HOSPITAL CORPORATION | |
| OAK HILL HOSPITAL CORPORATION | RED BUD ILLINOIS HOSPITAL COMPANY, LLC | |
| ORO VALLEY HOSPITAL, LLC | REGIONAL HOSPITAL OF LONGVIEW, LLC | |
| XXXXXX-WASILLA HEALTH SYSTEM, LLC | RIVER REGION MEDICAL CORPORATION | |
| PAYSON HOSPITAL CORPORATION | ROSWELL HOSPITAL CORPORATION | |
| PECKVILLE HOSPITAL COMPANY, LLC | RUSTON HOSPITAL CORPORATION | |
| PENNSYLVANIA HOSPITAL COMPANY, LLC | RUSTON LOUISIANA HOSPITAL COMPANY, LLC | |
| XXXXXXXX HOSPITAL CORPORATION | SACMC, LLC | |
| PHOENIXVILLE HOSPITAL COMPANY, LLC | SALEM HOSPITAL CORPORATION | |
| POTTSTOWN HOSPITAL COMPANY, LLC | SAN XXXXXX COMMUNITY MEDICAL CENTER, LLC | |
| QHG GEORGIA HOLDINGS II, LLC | SAN XXXXXX MEDICAL, LLC | |
| QHG GEORGIA HOLDINGS, INC. | SAN XXXXXX HOSPITAL CORPORATION | |
| QHG GEORGIA, XX | XXXXXXXX HOLDINGS, LLC | |
| QHG OF BLUFFTON COMPANY, LLC | SCRANTON HOSPITAL COMPANY, LLC | |
| QHG OF CLINTON COUNTY, INC. | SCRANTON QUINCY HOLDINGS, LLC | |
| QHG OF ENTERPRISE, INC. | SCRANTON QUINCY HOSPITAL COMPANY, LLC | |
| By: | /s/ Xxxxxx X. Xxxxxxx |
|||||
| Name: | Xxxxxx X. Xxxxxxx | |||||
| Title: | Executive Vice President |
Acting on behalf of each of the Guarantors set forth above
| SHELBYVILLE HOSPITAL CORPORATION | VIRGINIA HOSPITAL COMPANY, LLC | |
| SILOAM SPRINGS ARKANSAS HOSPITAL COMPANY, LLC | WARREN OHIO HOSPITAL COMPANY, LLC | |
| SILOAM SPRINGS HOLDINGS, LLC | WARREN OHIO REHAB HOSPITAL COMPANY, LLC | |
| SOUTHERN TEXAS MEDICAL CENTER, LLC | WATSONVILLE HOSPITAL CORPORATION | |
| SPOKANE VALLEY WASHINGTON HOSPITAL COMPANY, LLC | WAUKEGAN HOSPITAL CORPORATION | |
| SPOKANE WASHINGTON HOSPITAL COMPANY, LLC | WAUKEGAN ILLINOIS HOSPITAL COMPANY, LLC | |
| TENNYSON HOLDINGS, LLC | XXXXXXXXXXX HOSPITAL CORPORATION | |
| TOMBALL TEXAS HOLDINGS, LLC | WEATHERFORD TEXAS HOSPITAL COMPANY, LLC | |
| TOMBALL TEXAS HOSPITAL COMPANY, LLC | XXXX HOSPITAL CORPORATION | |
| TOOELE HOSPITAL CORPORATION | XXXX HOSPITAL HOLDINGS, LLC | |
| TRIAD HEALTHCARE CORPORATION | XXXXXX HEALTH SYSTEM, LLC | |
| TRIAD HOLDINGS III, LLC | WEST GROVE HOSPITAL COMPANY, LLC | |
| TRIAD HOLDINGS IV, LLC | WHMC, LLC | |
| TRIAD HOLDINGS V, LLC | XXXXXX-XXXXX BEHAVIORAL HOSPITAL COMPANY, LLC | |
| TRIAD NEVADA HOLDINGS, LLC | XXXXXX-XXXXX HOLDINGS, LLC | |
| TRIAD OF ALABAMA, LLC | XXXXXX-XXXXX HOSPITAL COMPANY, LLC | |
| TRIAD OF OREGON, LLC | WILLIAMSTON HOSPITAL CORPORATION | |
| TRIAD-ARMC, LLC | WOMEN & CHILDREN’S HOSPITAL, LLC | |
| TRIAD-EL DORADO, INC. | WOODLAND HEIGHTS MEDICAL CENTER, LLC | |
| TRIAD-XXXXXXX REGIONAL HOSPITAL SUBSIDIARY, LLC | XXXXXXXX HEALTH SYSTEM, LLC | |
| TUNKHANNOCK HOSPITAL COMPANY, LLC | YOUNGSTOWN OHIO HOSPITAL COMPANY, LLC | |
| VHC MEDICAL, LLC | BLUE ISLAND HOSPITAL COMPANY, LLC | |
| VICKSBURG HEALTHCARE, LLC | BLUE ISLAND ILLINOIS HOLDINGS, LLC | |
| VICTORIA HOSPITAL, LLC | LONGVIEW CLINIC OPERATIONS COMPANY, LLC | |
| VICTORIA OF TEXAS, L.P. | LONGVIEW MEDICAL CENTER, L.P. | |
| AFFINITY HEALTH SYSTEMS, LLC | AFFINITY HOSPITAL, LLC | |
| By: | /s/ Xxxxxx X. Xxxxxxx |
|||||
| Name: | Xxxxxx X. Xxxxxxx | |||||
| Title: | Executive Vice President |
Acting on behalf of each of the Guarantors set forth above
The foregoing Underwriting Agreement is hereby confirmed and accepted as of the date first above written.
| Credit Suisse Securities (USA) LLC | ||
| By: |
/s/ Xxxxxx Xxxxxxxx | |
| Name: | Xxxxxx Xxxxxxxx | |
| Title: | Managing Director | |
Acting on behalf of itself and as the Representative of the several Underwriters
SCHEDULE A
| Underwriter |
Principal Amount of Offered Securities |
|||
| Credit Suisse Securities (USA) LLC |
$ | 202,676,000.00 | ||
| Citigroup Global Markets Inc. |
95,176,000.00 | |||
| Credit Agricole Securities (USA) Inc. |
95,176,000.00 | |||
| Xxxxxxx, Xxxxx & Co. |
95,176,000.00 | |||
| X.X. Xxxxxx Securities LLC |
95,176,000.00 | |||
| Xxxxxxx Lynch, Pierce, Xxxxxx &
Xxxxx |
95,176,000.00 | |||
| Xxxxxx Xxxxxxx & Co. LLC |
95,176,000.00 | |||
| RBC Capital Markets, LLC |
95,176,000.00 | |||
| SunTrust Xxxxxxxx Xxxxxxxx, Inc. |
95,176,000.00 | |||
| Xxxxx Fargo Securities, LLC |
95,176,000.00 | |||
| Deutsche Bank Securities Inc. |
28,148,000.00 | |||
| Fifth Third Securities, Inc. |
28,148,000.00 | |||
| Mitsubishi UFJ Securities (USA), Inc. |
28,148,000.00 | |||
| Scotia Capital (USA) Inc. |
28,148,000.00 | |||
| UBS Securities LLC |
28,148,000.00 | |||
| Total |
$1,200,000,000.00 | |||
|
|
|
|||
A-1
SCHEDULE B
List of Guarantors
| Guarantor |
Jurisdiction of Organization | |
| Community Health Systems, Inc. |
DE | |
| Abilene Hospital, LLC |
DE | |
| Abilene Merger, LLC |
DE | |
| Affinity Health Systems, LLC |
DE | |
| Affinity Hospital, LLC |
DE | |
| Xxxx Hospital Corporation |
IL | |
| Berwick Hospital Company, LLC |
DE | |
| Big Bend Hospital Corporation |
TX | |
| Big Spring Hospital Corporation |
TX | |
| Birmingham Holdings, LLC |
DE | |
| Birmingham Holdings II, LLC |
DE | |
| Blue Island Hospital Company, LLC |
DE | |
| Blue Island Illinois Holdings, LLC |
DE | |
| Bluefield Holdings, LLC |
DE | |
| Bluefield Hospital Company, LLC |
DE | |
| Bluffton Health System, LLC |
DE | |
| Brownsville Hospital Corporation |
TN | |
| Brownwood Hospital, L.P. |
DE | |
| Brownwood Medical Center, LLC |
DE | |
| Bullhead City Hospital Corporation |
AZ | |
| Bullhead City Hospital Investment Corporation |
DE | |
| Carlsbad Medical Center, LLC |
DE | |
| Centre Hospital Corporation |
AL | |
| CHHS Holdings, LLC |
DE | |
| CHS Kentucky Holdings, LLC |
DE | |
| CHS Pennsylvania Holdings, LLC |
DE | |
| CHS Virginia Holdings, LLC |
DE | |
| CHS Washington Holdings, LLC |
DE | |
| Clarksville Holdings, LLC |
DE | |
| Cleveland Hospital Corporation |
TN | |
| Cleveland Tennessee Hospital Company, LLC |
XX | |
| Xxxxxxx Hospital Corporation |
PA | |
B-1
| Guarantor |
Jurisdiction of Organization | |
| Coatesville Hospital Corporation |
PA | |
| College Station Hospital, L.P. |
DE | |
| College Station Medical Center, LLC |
DE | |
| College Station Merger, LLC |
DE | |
| Community GP Corp. |
DE | |
| Community Health Investment Company, LLC |
DE | |
| Community LP Corp. |
DE | |
| CP Hospital GP, LLC |
DE | |
| CPLP, LLC |
DE | |
| Crestwood Hospital, LLC |
DE | |
| Crestwood Hospital, LP, LLC |
DE | |
| CSMC, LLC |
DE | |
| CSRA Holdings, LLC |
DE | |
| Deaconess Holdings, LLC |
DE | |
| Deaconess Hospital Holdings, LLC |
XX | |
| Xxxxxx Hospital Corporation |
NM | |
| Desert Hospital Holdings, LLC |
XX | |
| Xxxxx Hospital, LLC |
DE | |
| DHFW Holdings, LLC |
DE | |
| DHSC, LLC |
XX | |
| Xxxxx Health System, LLC |
DE | |
| Dyersburg Hospital Corporation |
TN | |
| Emporia Hospital Corporation |
VA | |
| Evanston Hospital Corporation |
WY | |
| Fallbrook Hospital Corporation |
XX | |
| Xxxxx Hospital Corporation |
AL | |
| Forrest City Arkansas Hospital Company, LLC |
AR | |
| Xxxxxxx City Hospital Corporation |
AR | |
| Fort Xxxxx Hospital Corporation |
AL | |
| Frankfort Health Partner, Inc. |
IN | |
| Franklin Hospital Corporation |
VA | |
| Gadsden Regional Medical Center, LLC |
DE | |
| Galesburg Hospital Corporation |
IL | |
| Granbury Hospital Corporation |
TX | |
| Granite City Hospital Corporation |
IL | |
B-2
| Guarantor |
Jurisdiction of Organization | |
| Granite City Illinois Hospital Company, LLC |
IL | |
| Greenville Hospital Corporation |
AL | |
| GRMC Holdings, LLC |
DE | |
| Hallmark Healthcare Company, LLC |
XX | |
| Xxxxx Medco, LLC |
DE | |
| Hospital of Barstow, Inc. |
DE | |
| Hospital of Xxxxxx, Inc. |
KY | |
| Hospital of Louisa, Inc. |
KY | |
| Hospital of Morristown, Inc. |
TN | |
| Xxxxxxx Hospital Corporation (KY) |
XX | |
| Xxxxxxx Hospital Corporation (TN) |
TN | |
| Jourdanton Hospital Corporation |
TX | |
| Xxx County Hospital Corporation |
OK | |
| Xxx County Oklahoma Hospital Company, LLC |
OK | |
| Kirksville Hospital Company, LLC |
DE | |
| Lakeway Hospital Corporation |
TN | |
| Lancaster Hospital Corporation |
DE | |
| Las Cruces Medical Center, LLC |
DE | |
| Lea Regional Hospital, LLC |
DE | |
| Lexington Hospital Corporation |
TN | |
| Longview Clinic Operations Company, LLC |
DE | |
| Longview Medical Center, L.P. |
DE | |
| Longview Merger, LLC |
DE | |
| LRH, LLC |
DE | |
| Lutheran Health Network of Indiana, LLC |
DE | |
| Marion Hospital Corporation |
IL | |
| Xxxxxx Hospital Corporation |
TN | |
| Massillon Community Health System LLC |
DE | |
| Massillon Health System LLC |
DE | |
| Massillon Holdings, LLC |
XX | |
| XxXxxxxx Tennessee Hospital Company, LLC |
XX | |
| XxXxxxx Hospital Corporation |
TN | |
| MCSA, L.L.C. |
AR | |
| Medical Center of Brownwood, LLC |
DE | |
| Merger Legacy Holdings, LLC |
DE | |
B-3
| Guarantor |
Jurisdiction of Organization | |
| MMC of Nevada, LLC |
XX | |
| Xxxxxxx Hospital Company, LLC |
DE | |
| MWMC Holdings, LLC |
DE | |
| Nanticoke Hospital Company, LLC |
DE | |
| National Healthcare of Leesville, Inc. |
DE | |
| National Healthcare of Mt. Xxxxxx, Inc. |
DE | |
| National Healthcare of Newport, Inc. |
DE | |
| Xxxxxxx Hospital, X.X. |
XX | |
| Xxxxxxx Regional, LLC |
DE | |
| NC-DSH, LLC |
NV | |
| Northampton Hospital Company, LLC |
DE | |
| Northwest Hospital, LLC |
DE | |
| NOV Holdings, LLC |
DE | |
| NRH, LLC |
DE | |
| Oak Hill Hospital Corporation |
WV | |
| Oro Valley Hospital, LLC |
XX | |
| Xxxxxx-Wasilla Health System, LLC |
XX | |
| Xxxxxx Hospital Corporation |
AZ | |
| Peckville Hospital Company, LLC |
DE | |
| Pennsylvania Hospital Company, LLC |
XX | |
| Xxxxxxxx Hospital Corporation |
AR | |
| Phoenixville Hospital Company, LLC |
DE | |
| Pottstown Hospital Company, LLC |
DE | |
| QHG Georgia Holdings, Inc. |
GA | |
| QHG Georgia Holdings II, LLC |
DE | |
| QHG Georgia, LP |
GA | |
| QHG of Bluffton Company, LLC |
DE | |
| QHG of Clinton County, Inc. |
IN | |
| QHG of Enterprise, Inc. |
AL | |
| QHG of Xxxxxxx County, Inc. |
MS | |
| QHG of Fort Xxxxx Company, LLC |
DE | |
| QHG of Hattiesburg, Inc. |
MS | |
| QHG of Massillon, Inc. |
OH | |
| QHG of South Carolina, Inc. |
SC | |
| QHG of Spartanburg, Inc. |
SC | |
B-4
| Guarantor |
Jurisdiction of Organization | |
| QHG of Springdale, Inc. |
AR | |
| QHG of Warsaw Company, LLC |
DE | |
| Quorum Health Resources, LLC |
DE | |
| Red Bud Hospital Corporation |
IL | |
| Red Bud Illinois Hospital Company, LLC |
IL | |
| Regional Hospital of Longview, LLC |
DE | |
| River Region Medical Corporation |
MS | |
| Roswell Hospital Corporation |
NM | |
| Ruston Hospital Corporation |
DE | |
| Ruston Louisiana Hospital Company, LLC |
DE | |
| SACMC, LLC |
DE | |
| Salem Hospital Corporation |
NJ | |
| San Xxxxxx Community Medical Center, LLC |
DE | |
| San Xxxxxx Medical, LLC |
DE | |
| San Xxxxxx Hospital Corporation |
NM | |
| Scranton Holdings, LLC |
DE | |
| Scranton Hospital Company, LLC |
DE | |
| Scranton Quincy Holdings, LLC |
DE | |
| Scranton Quincy Hospital Company, LLC |
DE | |
| Shelbyville Hospital Corporation |
TN | |
| Siloam Springs Arkansas Hospital Company, LLC |
DE | |
| Siloam Springs Holdings, LLC |
DE | |
| Southern Texas Medical Center, LLC |
DE | |
| Spokane Valley Washington Hospital Company, LLC |
DE | |
| Spokane Washington Hospital Company, LLC |
XX | |
| Xxxxxxxx Holdings, LLC |
DE | |
| Tooele Hospital Corporation |
UT | |
| Tomball Texas Holdings, LLC |
DE | |
| Tomball Texas Hospital Company, LLC |
DE | |
| Triad Healthcare Corporation |
DE | |
| Triad Holdings III, LLC |
DE | |
| Triad Holdings IV, LLC |
DE | |
| Triad Holdings V, LLC |
DE | |
| Triad Nevada Holdings, LLC |
DE | |
| Triad of Alabama, LLC |
DE | |
B-5
| Guarantor |
Jurisdiction of Organization | |
| Triad of Oregon, LLC |
DE | |
| Triad-ARMC, LLC |
DE | |
| Triad-El Dorado, Inc. |
AR | |
| Triad-Xxxxxxx Regional Hospital Subsidiary, LLC |
DE | |
| Tunkhannock Hospital Company, LLC |
DE | |
| VHC Medical, LLC |
DE | |
| Vicksburg Healthcare, LLC |
DE | |
| Victoria Hospital, LLC |
DE | |
| Victoria of Texas, L.P. |
DE | |
| Virginia Hospital Company, LLC |
VA | |
| Warren Ohio Hospital Company, LLC |
DE | |
| Warren Ohio Rehab Hospital Company, LLC |
DE | |
| Watsonville Hospital Corporation |
DE | |
| Waukegan Hospital Corporation |
IL | |
| Waukegan Illinois Hospital Company, LLC |
IL | |
| Xxxxxxxxxxx Hospital Corporation |
TX | |
| Weatherford Texas Hospital Company, LLC |
TX | |
| Xxxx Hospital Corporation |
XX | |
| Xxxx Hospital Holdings, LLC |
XX | |
| Xxxxxx Health System, LLC |
DE | |
| West Grove Hospital Company, LLC |
DE | |
| WHMC, LLC |
XX | |
| Xxxxxx-Xxxxx Behavioral Hospital Company, LLC |
XX | |
| Xxxxxx-Xxxxx Holdings, LLC |
XX | |
| Xxxxxx-Xxxxx Hospital Company, LLC |
DE | |
| Williamston Hospital Corporation |
NC | |
| Women & Children’s Hospital, LLC |
DE | |
| Woodland Heights Medical Center, LLC |
XX | |
| Xxxxxxxx Health System, LLC |
DE | |
| Youngstown Ohio Hospital Company, LLC |
DE | |
B-6
SCHEDULE C
| 1. | General Use Free Writing Prospectuses (included in the General Disclosure Package) |
“General Use Issuer Free Writing Prospectus” includes each of the following documents:
1. Final term sheet, dated July 9, 2012, a copy of which is attached hereto as Annex A.
C-1
Annex A
Term Sheet
