secwatch.observer — SEC 8-K summary
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Issuer:     Claritev Corp (CTEV)
CIK:        0001793229
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0001104659-25-007656
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MultiPlan completes $3.085B debt refinancing with new first lien notes and credit facilities
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- Issued $600M New 6.50% cash/5% PIK Second-Out A Notes due 2030 and $763M 5.75% Second-Out B Notes due 2030.
- Issued $753M New 6% cash/0.75% PIK Third-Out A Notes (MPH) and $969M Third-Out B Notes (MultiPlan) due 2031.
- New credit facilities: $325M First-Out Term Loans, $1.14B Second-Out Term Loans (both due 2030), and $350M revolver due 2029.
- All existing secured notes, unsecured notes, convertible notes, and term loans were exchanged; old restrictive covenants eliminated.
- Existing credit facility terminated and all guarantees/collateral under it to be released shortly.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1793229/000110465925007656/0001104659-25-007656-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1793229/000110465925007656/tm254813d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-007656

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