Alliance HealthCare repurchases remaining 8% senior notes due 2016

By Tali David

Minneapolis, Dec. 5 - Alliance HealthCare Services, Inc. repurchased the remaining balance of its 8% senior notes due 2016 on Dec. 4, according to an 8-K filed with the Securities and Exchange Commission.

The notes were redeemed using borrowings under its revolving line of credit and cash on hand.

The company borrowed $70 million of incremental term loans under its previously disclosed amended credit facility on Dec. 2 to fund the redemption.

Alliance HealthCare is a Newport Beach, Calif.-based provider of advanced outpatient diagnostic imaging and radiation therapy service.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.