Shearman And Sterling

News June 27, 2019

Joerns Healthcare’s $80 Million Superpriority Debtor-in-Possession Term Loan Facility

Shearman & Sterling advised Ankura Trust Company, LLC, as administrative agent on an $80 million senior secured superpriority debtor-in-possession term loan for Joerns Healthcare, LLC, to finance general corporate purposes and bankruptcy-related expenses.

Headquartered in Charlotte, North Carolina, Joerns Healthcare operates as a manufacturer and service provider of patient handling and wound care products to the healthcare continuum.

The Team