The Firm represented MultiPlan Corporation (NYSE: MPLN) (“MultiPlan”) and its indirect wholly owned subsidiary MPH Acquisition Holdings LLC (the “Issuer”) in connection with the Issuer’s Rule 144A and Regulation S offering of $1.05 billion aggregate principal amount of 5.5% Senior Secured Notes due 2028 (the “Notes”). The firm also represented the Issuer in connection with its entering into a credit agreement providing new senior secured credit facilities consisting of (i) a $1.325 billion term loan and (ii) a $450 million revolving credit facility (collectively, the “Senior Secured Credit Facilities”). The Notes are fully and unconditionally guaranteed, jointly and severally, by each of the Issuer’s wholly owned domestic restricted subsidiaries that guarantees the Senior Secured Credit Facilities.
MultiPlan is committed to helping healthcare payors manage the cost of care, improve their competitiveness and inspire positive change. Leveraging sophisticated technology, data analytics and a team rich with industry experience, MultiPlan interprets clients' needs and customizes innovative solutions that combine its payment integrity, network-based and analytics-based services. MultiPlan is a trusted partner to over 700 healthcare payors in the commercial health, dental, government and property and casualty markets.
The Simpson Thacher team included William Brentani, Hui Lin, Andy Roy and Dani Bembry (Capital Markets); Brian Steinhardt, Matthew Farrell, Dorothy Hector and Simone Worthy (Credit); Jonathan Pall (Collateral); Corina McIntyre (IP); Jonathan Cantor, Dmitry Zelik and Adam Hersch (Tax); and Jeanne Annarumma (ERISA).