MedRisk to launch $750 million first-lien term loan on Thursday

By Sara Rosenberg

New York, March 17 – MedRisk is scheduled to hold a lender call at 11 a.m. ET on Thursday to launch its $750 million first-lien term loan, according to a market source.

The company’s $1.15 billion of credit facilities also include a $100 million revolver and a $300 million privately placed second-lien term loan.

UBS Investment Bank, BofA Securities Inc., Macquarie Capital (USA) Inc., Truist and Societe Generale are the leads on the deal.

Proceeds will be used to help fund the buyout of the company by CVC Capital Partners.

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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