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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Ally Bank Agents Up to $185MM DIP Commitment fror Verity Health Systems
Monday, September 3, 2018
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Lenders/Participants
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Ally Bank [Debtor-in-Possession Lender]
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Structure
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Debtor-in-Possession Facility
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Amount
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$185.000
Million
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Borrower(s)
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Verity Health Systems of California, Inc.
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Description
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Verity Health System of California, Inc., a nonprofit healthcare system, filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Central District of California – Los Angeles Division. Verity has secured debtor-in-possession financing of up to $185 million. This additional liquidity will enable continued operations without interruption to high-quality patient care, employees and suppliers throughout the Chapter 11 process. According to court records, Ally Bank is serving as administrative agent for the DIP financing. Transaction details not disclosed.
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Industry
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Healthcare
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| Related Tags |
Ally Bank, Debtor in Possession
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ABL Advisor
Deal Tables
2025
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