MultiPlan starts roadshow for $1.3 billion offering of eight-year notes backing buyout

By Paul A. Harris

Portland, Ore., May 23 – MultiPlan Inc. began a roadshow on Monday for a $1.3 billion offering of eight-year senior notes, according to a syndicate source.

The roadshow wraps up on Wednesday, and the Rule 144A and Regulation S deal is set to price thereafter.

Goldman Sachs & Co. is the left bookrunner. Barclays, BofA Merrill Lynch, Citigroup Global Markets Inc. and UBS Investment Bank are the joint bookrunners.

The notes come with three years of call protection.

Proceeds, together with new credit facilities and equity, will be used to fund the buyout of the New York-based provider of health care cost management solutions by Hellman & Friedman from Starr Investment Holdings LLC and Partners Group.

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