We advised the administrative agent in connection with a $200 million revolving credit facility provided to Oscar Health, Inc. The proceeds of the facility will be used for general corporate purposes including funding working capital.
Oscar Health, Inc. uses full stack technology to provide a health insurance platform available across the United States.
The Davis Polk finance team included partner Jeong M. Lee and associates Scott G. Johnsson, Kelsey Avery and Esam Ibrahim. The tax team included partner Mario J. Verdolini and associate Tomislava Dragicevic. Counsel Will Schisa and associate Charles Klug provided regulatory advice. Counsel Susan D. Kennedy and associate Gregory D. Crane provided real estate advice. Members of the Davis Polk team are based in the New York and Washington DC offices.