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AmeriPath offers $125 million seven-year PIK toggle note floaters
By Paul A. Harris
St. Louis, Feb. 2 - AmeriPath Intermediate Holdings, Inc. announced in a Friday press release that it plans to make a $125 million offering of seven-year senior unsecured floating-rate payment-in-kind toggle notes via Rule 144A in February.
Proceeds will be used to repay the company's revolving credit facility and for general corporate purposes including various contemplated acquisitions.
The prospective issuer is a newly formed direct subsidiary of AmeriPath Holdings Inc. and a direct parent of AmeriPath, a Palm Beach Gardens, Fla., provider of advanced pathology testing and disease management services.
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