MultiPlan Inc. 'B' Rating Affirmed On Proposed Dividend Payment; Outlook Stable; Senior Unsecured Notes Rated 'CCC+' Jul 13
- Language: English
- Published: July 2013
On Sept. 21, 2006, Standard & Poor's Ratings Services affirmed its 'B+' counterparty credit rating on MultiPlan Inc. and removed it from CreditWatch with negative implications, where it was placed on Aug. 31, 2006. The outlook is negative. At the same time, Standard & Poor's assigned its 'B+' rating to MultiPlan's proposed 6.5-year, $360 million senior secured bank loan due 2013 (Term Loan C). This is the same level as the counterparty credit rating and existing term loan. The new term loan is being issued via an amendment to existing credit facilities established in April 2006. The proceeds will be used to finance the acquisition of Preferred Healthcare Systems Inc. (PHCS). The ratings had been placed on CreditWatch following the...
Companies mentioned in this report are: MultiPlan Inc.
Action: Removed From CreditWatch
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