Published on 12/7/2001 in the Prospect News High Yield Daily.
New Issue: Radiologix $160 million seven-year notes yield 10½%
By Paul A. Harris
St. Louis, Mo., Dec. 7 - Radiologix, Inc. priced $160 million of seven-year senior notes (B2/B) Friday at par to yield 10½%, according to a syndicate official.
Price talk on the deal was for a yield in the 10 3/8% area.
The notes are non-callable for four years and were sold as a Rule 144A offering.
Jefferies & Co. was bookrunner with Deutsche Banc Alex. Brown as co-manager.
Issuer: Radiologix, Inc.
Amount: | $160 million
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Maturity: | Dec. 15, 2008
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Type: | Senior notes
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Bookrunner: | Jefferies & Co.
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Co-manager: | Deutsche Banc Alex. Brown
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Coupon: | 10½%
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Price: | Par |
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Yield: | 10½%
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Spread: | 556 basis points
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Call features: | Callable on Dec. 15, 2005 at 105.25, then at 103.5, 101.75,
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| declining to par on Dec. 15, 2008 and thereafter
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Equity clawback: | Until Dec. 15, 2004 for 35% at 110.50
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Settlement date: | Dec. 12, 2001
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Ratings: | Moody's: B2
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| Standard & Poor's: B
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End
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