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MultiPlan ( (MPLN) ) has shared an announcement.
MultiPlan Corporation announced a comprehensive refinancing plan to extend the maturities of its entire debt capital structure, with the earliest maturity pushed to 2030. This move, backed by broad investor support, aims to support the company’s Vision 2030 transformation plan by enhancing its capital structure, allowing for continued investment in business operations. The Transaction Support Agreement, involving approximately 78% of MultiPlan’s existing funded debt, outlines a series of transactions to exchange existing debt for new terms, eliminate certain covenants, and release collateral, thereby reorganizing the company’s capital structure for sustainable long-term growth.
More about MultiPlan
MultiPlan Corporation is a leading provider of technology and data solutions focused on cost management, improving quality, and transparency in the healthcare industry. The company aims to deliver transparency, fairness, and affordability to the US healthcare system by leveraging sophisticated technology, data analytics, and industry experience. MultiPlan serves over 700 healthcare payors, more than 100,000 employers, 60 million consumers, and 1.4 million contracted providers.
YTD Price Performance: -78.75%
Average Trading Volume: 105,133
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $197.9M
For an in-depth examination of MPLN stock, go to TipRanks’ Stock Analysis page.
