Financing for Thomas H. Lee Partners’ investment in Agiliti Health through Federal Street

January 5, 2019

KeyBanc Capital Markets Inc. (“KBCM”) successfully closed the syndication of $810.0 million senior secured credit facilities for Agiliti Health, Inc. (“Agiliti” or the “Company”), formerly known as Universal Hospital Services, Inc. (“UHS”). The facilities are comprised of a $150.0 million Revolving Credit Facility (the “Revolver”) and a $660.0 million Senior Secured Term Loan (the “Term Loan”). Proceeds from the facilities were used to support the acquisition of Agiliti by Federal Street Acquisition Corporation (“FSAC” or the “SPAC”), a SPAC sponsored by Thomas H. Lee Partners (“THL” or the “Sponsor”) and refinance existing indebtedness. KBCM served as Joint Lead Arranger and Joint Bookrunner on this transaction. KBCM was chosen for a role in the financing transaction due to our strong industry expertise and relationship with the Company and Sponsor.

About Agiliti Health, Inc.:
Founded in 1939 and headquartered in Minneapolis, MN, Agiliti provides health care technology management and service solutions across the United States. The Company operates through three segments: Medical Equipment Solutions (MES), Clinical Engineering Solutions (CES), and Surgical Solutions (SS). Agiliti’s diverse customer base includes approximately 7,000 active national, regional and local acute care hospitals and alternate site providers.

About Thomas H. Lee Partners:
Thomas H. Lee Partners is a private equity firm founded in 1974 and based in Boston, MA. The Sponsor has raised over $22 billion in equity capital, invested in over 140 companies with an aggregate value of over $150 billion, including 16 companies in the healthcare industry. The Sponsor pursues growth-oriented businesses across the sectors of Business and Financial Services, Consumer and Retail, Healthcare, and Media, Information Services, and Technology.

For more information, please contact:

John V. Soden

Managing Director
(415) 962-2922
jsoden@cainbrothers.com

Wyatt Ritchie

Managing Director
(415) 962-2935
writchie@cainbrothers.com