MultiPlan to start roadshow Wednesday for $250 million 10-year notes

By Paul A. Harris

St. Louis, March 27 - MultiPlan, Inc. will start a roadshow on Wednesday for its $250 million offering of 10-year senior subordinated notes (Caa1/B-), according to an informed source.

The roadshow is scheduled to conclude on April 6.

Goldman Sachs & Co. and Banc of America Securities LLC are bookrunners for the Rule 144A and Regulation S offering. Morgan Stanley is the co-manager.

The notes come with five years of call protection.

Proceeds, along with a $400 million senior secured credit facility and an equity investment by an investor group led by The Carlyle Group, will be used to fund the acquisition of MultiPlan by affiliates of those investors and a member of MultiPlan's senior management.

The notes initially will be offered by MultiPlan Merger Corp., a newly formed New York corporation affiliated with The Carlyle Group.

MultiPlan is a New York-based independent preferred provider organization network.

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