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Alliance HealthCare tenders for 7¼% subordinated notes due 2012
By Jennifer Chiou
New York, Nov. 12 - Alliance HealthCare Services, Inc. announced the start of a cash tender offer for any and all of its 7¼% senior subordinated notes due 2012.
The company is also soliciting holders to consent to proposed amendments to the note indenture to eliminate substantially all of the restrictive covenants and certain other provisions.
The offer will wrap at midnight ET on Dec. 10.
Those who tender prior to 5 p.m. ET on Nov. 25 will receive $1,002.50 for each $1,000 principal amount of notes tendered, including a consent fee of $1.25.
Alliance will also pay accrued interest.
Deutsche Bank Securities Inc. is the dealer manager and solicitation agent (call collect 212 250-3276). Global Bondholder Services Corp. is the information agent (866 470-4300).
Alliance HealthCare is a Newport Beach, Calif.-based provider of outpatient diagnostic imaging and radiation oncology services.
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