Imaging center services provider Alliance Imaging said it has successfully completed the sale of $150 million in aggregate principal amount of its 7 1/4% senior subordinated notes due in 2012 in a private placement transaction.
The company used the net proceeds of the offering, along with proceeds of approximately $390 million from the issuance of term loans and cash on hand, to fund the purchase of $256.5 million (98.6% of the outstanding total) of its 10 3/8% senior subordinated notes due in 2011; repay $236 million in aggregate principal amount of term loans; and pay certain fees and expenses related to the issuance of the new notes, the incurrence of the new term loans, the credit facilities refinancing, and the tender offer and consent solicitation, according to Anaheim, CA-based Alliance.
By AuntMinnie.com staff writers
December 30, 2004
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