Healthcare IT and advanced visualization developer Merge Healthcare said it intends to offer $52 million in aggregate principal amount of 11.75% senior secured notes.
The net proceeds of the offering will be used to redeem and retire all of Merge's outstanding Series A preferred stock and to pay related fees and expenses, according to the vendor.
Due 2015, the new notes are being offered as additional debt securities under an indenture pursuant to which Merge previously issued $200 million in aggregate principal amount of senior secured notes due 2015.
