Insight Health to start roadshow Monday for $250 million six-year floater

By Paul A. Harris

St. Louis, Sept. 7 - Insight Heath Services Corp. will begin a roadshow on Monday for its $250 million offering of six-year senior secured floating-rate notes (B), according to an informed source.

An investor conference call is scheduled for 12:30 p.m. ET Monday. Pricing will follow later in the week.

Banc of America Securities LLC has the books for the Rule 144A/Regulation S offering. CIBC World Markets is the co-manager.

The notes will become callable on Nov. 1, 2006 at 102.

Proceeds will be used to repay the company's existing credit facility and for general corporate purposes. If the issue is upsized, Insight plans to purchase a portion of its existing 9 7/8% senior subordinated notes due 2011.

The prospective issuer is a Lake Forest, Calif., provider of diagnostic imaging services.

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