Baker Botts represented Regional Health Properties, Inc. in connection with its exchange offer of its outstanding 10.875% Series A Cumulative Redeemable Preferred Shares for newly issued shares of the Company’s 12.5% Series B Cumulative Redeemable Preferred Shares. The exchange offer expired on June 27, 2023 with approximately 80.1% of the outstanding shares of Series A Preferred Stock having been properly tendered. Baker Botts also represented the Company in amending its charter and soliciting shareholder votes to significantly reduce the rights of holders of Series A Preferred Stock upon consummation of the exchange offer.

Regional Health Properties’ press release can be found here.

Baker Botts Lawyers/Offices Involved:

Corporate: Josh Davidson (Partner, Houston), Clint Rancher (Partner, Houston), Lakshmi Ramanathan (Special Counsel, Houston) and Michael Donnellan (Associate, Houston)

Tax: Michael Bresson (Partner, Houston), Jared Meier (Senior Associate, Houston)

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