MedRisk plans $1.15 billion credit facilities for buyout by CVC

By Sara Rosenberg

New York, Feb. 25 – MedRisk plans on getting $1.15 billion of credit facilities to help fund its acquisition by CVC Capital Partners, according to a market source.

UBS Investment Bank is the lead on the deal.

The facilities consist of a $100 million revolver, a $750 million first-lien term loan and a $300 million second-lien term loan, the source said.

Closing is expected in the second quarter, subject to customary conditions and receipt of required regulatory approvals.

The Carlyle Group, MedRisk’s current majority owner, will retain a significant stake and maintain joint control in partnership with CVC.

MedRisk is a King of Prussia, Pa.-based provider of managed physical medicine services for the workers’ compensation industry.

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