American HomePatient Going-Private Merger

We assisted American HomePatient, Inc. (OTCBB: AHOM) in a complex recapitalization, refinancing and going-private transaction led by AHP’s largest shareholder and majority debtholder, Highland Capital Management, L.P. Pursuant to the transaction, shareholders of AHP received a cash premium in exchange for their shares. The transaction involved a reincorporation by AHP from Delaware to Nevada; a self-tender offer to shareholders other than Highland; a refinancing of AHP’s $226 million long-term debt; and a going private merger that resulted in AHP becoming wholly owned by Highland. We advised the special committee to AHP’s board of directors in this transaction, with particular focus on transaction structuring, compliance with fiduciary duties of directors and compliance with the SEC’s going private regulations.

This experience gained prior to joining Bass, Berry & Sims PLC.

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