Universal Hospital $250 million notes talked at 10 1/8%-10 3/8%, pricing Wednesday

By Paul A. Harris

St. Louis, Oct. 7 - Price talk of 10 1/8%-10 3/8% emerged Tuesday on Universal Hospital Services' upcoming sale of $250 million eight-year senior notes (B3/B-), according to a syndicate source.

The deal is expected to price on Wednesday, the source added.

Goldman Sachs & Co. and Credit Suisse First Boston are joint bookrunners on the Rule 144A deal. CIBC World Markets and Jefferies & Co. are co-managers.

The notes will be non-callable for four years.

Universal Hospital will use proceeds to fund its tender for $135 million of 10¼% senior notes due 2008.

The company is a Bloomington, Minn.-based provider of medical equipment, outsourcing and services to the health care industry.

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