MultiPlan Completes $1.3 Billion Senior Notes Offering and Increase of Its Senior Secured Revolving Credit Facilities
11.05.20
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The Firm represented MultiPlan Corporation (NYSE: MPLN) (“MultiPlan”) and its indirect wholly owned subsidiary MPH Acquisition Holdings LLC (the “Issuer”) in connection with the Issuer’s Rule 144A and Regulation S offering of $1.3 billion aggregate principal amount of 5.75% Senior Notes due 2028 (the “Notes”). The Issuer also entered into an amendment to increase the commitments under its senior secured revolving credit facility from $100 million to $450 million. The Notes are guaranteed on a full and unconditional basis by each of the Issuer’s wholly owned domestic restricted subsidiaries that guarantees the Issuer’s senior secured credit facilities.
MultiPlan is committed to helping healthcare payors manage the cost of care, improve their competitiveness and inspire positive change. Leveraging sophisticated technology, data analytics, and a team rich with industry experience, MultiPlan interprets clients’ needs and customizes innovative solutions that combine its payment integrity, network-based and analytics-based services. MultiPlan is a trusted partner to over 700 healthcare payors in the commercial health, dental, government and property and casualty markets.
The Simpson Thacher team included William Brentani, Ryan Coombs, Adam Spaulding and William Perrone (Capital Markets); Brian Steinhardt, Matthew Farrell and Kalyan Venkatraj (Credit); and Jonathan Cantor and Sarah Katz (Tax).