MultiPlan announces comprehensive refinancing

MultiPlan (MPLN) announced a comprehensive refinancing to extend the maturities of its entire debt capital structure. “Our top priority is investing in our business to drive MultiPlan’s organic growth. This refinancing extends our debt maturities and will ensure that our capital structure enables us to operate as efficiently and sustainably as possible,” said Travis Dalton, Chief Executive Officer of MultiPlan. “We’re grateful for the broad-based backing from investors who support our Vision 2030 transformation plan and contributed to this attractive refinancing. This successful outcome will help our leadership team execute our transformation into a data and technology-forward company focused on cost management, improving quality and transparency in healthcare.” Summary: Maturities extended for entire debt capital structure, with earliest funded maturity in 2030 and remainder in 2031; Refinancing enables continued investment in the business to support Vision 2030 transformation plan; Broad based support from investors with participation from certain ad hoc groups of noteholders and lenders through a Transaction Support Agreement collectively representing nearly 78% of the Company’s existing funded debt