Alliance says $294.42 million of its 7¼% notes tendered in cash offer

By Devika Patel

Knoxville, Tenn., Dec. 11 - Alliance Healthcare Services, Inc. announced that $294.42 million of its 7¼% senior subordinated notes due 2012 were tendered as part of the company's cash tender offer for the notes.

The offer expired on Dec. 10, leaving $5.58 million of the notes outstanding.

Those who tendered prior to 5 p.m. ET on Nov. 25 received $1,002.50 for each $1,000 principal amount of notes tendered, including a consent fee of $1.25.

Alliance also paid 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).

The company said it will redeem the remaining notes on Jan. 31.

Alliance is a Newport Beach, Calif.-based health care services provider.

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