MultiPlan starts roadshow for $675 million eight-year senior notes

By Paul A. Harris

St. Louis, Aug. 9 - MPH Merger Sub Corp., which will be merged with and into MultiPlan Inc., began a roadshow on Monday for its $675 million offering of eight-year senior unsecured notes (Caa1/CCC+), according to an informed source.

The roadshow wraps up on Thursday. The deal is expected to price either on Thursday or Friday.

Bank of America Merrill Lynch, Credit Suisse Securities and Barclays Capital Inc. are the joint bookrunners for the Rule 144A for life notes.

The notes come with four years of call protection and a 101% poison put.

Proceeds will be used to help fund the buyout of the company by BC Partners and Silver Lake from the Carlyle Group and Welsh, Carson, Anderson & Stowe.

Other financing will come from a $1.375 billion credit facility.

MultiPlan is a New York-based provider of health care cost management services.

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