InSight Health may purchase some 9 7/8% notes due 2011 with proceeds from new issue of floaters

By Jennifer Chiou

New York, Sept. 7 - InSight Health Services Corp. announced it intends to buy back some of its 9 7/8% senior subordinated notes due 2011 using a portion of the proceeds of a new issue of senior secured floating-rate notes, if the amount of the offering is increased from $250 million.

InSight said it plans to use initial proceeds to repay in full its existing credit facility and for general corporate purposes.

Based in Lake Forest, Calif., InSight provides diagnostic imaging services.

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