Agilon Health’s $586.5 Million Secondary Common Stock Offering

Debevoise & Plimpton advised agilon health and Clayton Dubilier & Rice, while Cravath, Swaine & Moore represented the underwriters in the offering.

agilon health, inc. announced the pricing of its previously announced underwritten public offering of 17,000,000 shares of its common stock by certain selling stockholders at a public offering price of $30.00 per share. Certain of these selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2,550,000 shares of agilon health’s common stock. agilon health will not receive any proceeds from the secondary offering. The offering is expected to close on September 14, 2021, subject to customary closing conditions.

J.P. Morgan, Goldman Sachs & Co. LLC, and BofA Securities are acting as lead book-running managers for the proposed offering. Deutsche Bank Securities, Wells Fargo Securities, Wolfe | Nomura Strategic Alliance, William Blair, and Truist Securities are acting as additional book-running managers.

agilon health is transforming health care for seniors by empowering primary-care physicians to focus on the entire health of their patients. Through its partnerships and platform, agilon is leading the nation in creating a health care system built on the value of care, not the volume of fees.

The Debevoise team was led by capital markets partner Paul Rodel (Picture) and included associates John Jacob, Benjamin Pedersen and Charlotte Walkovik, benefits partner Meir Katz and associate David Deutsch, corporate counsel Kim Le and tax associate Lillian Aston.

The Cravath team was led by partners William V. Fogg and Michael E. Mariani and associates Joseph A. Marshall and Ahra Cho.

Involved fees earner: Ahra Cho – Cravath Swaine & Moore; William Fogg – Cravath Swaine & Moore; Michael Mariani – Cravath Swaine & Moore; Joseph Marshall – Cravath Swaine & Moore; David Deutsch – Debevoise & Plimpton; Lillian Jo Aston – Debevoise & Plimpton; Meir Katz – Debevoise & Plimpton; Kim Le – Debevoise & Plimpton; Benjamin Pedersen – Debevoise & Plimpton; Paul Rodel – Debevoise & Plimpton;

Law Firms: Cravath Swaine & Moore; Debevoise & Plimpton;

Clients: Bank of America Securities; Clayton Dubilier & Rice; Deutsche Bank Securities; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Truist Securities Inc. ; Wells Fargo Securities; William Blair & Company, L.L.C.; Wolfe Research LLC;