Former Universal Hospital Services to redeem 7 5/8% second-lien notes

By Angela McDaniels

Tacoma, Wash., Jan. 10 – Agiliti Health, Inc. will redeem all of its 7 5/8% second-lien senior secured notes due 2020 on Feb. 4, according to an 8-K filing with the Securities and Exchange Commission.

The company was created Jan. 4 through the merger of Universal Hospital Services, Inc. with Federal Street Acquisition Corp., a special-purpose acquisition company sponsored by an affiliate of Thomas H. Lee Partners, LP.

The company will use the proceeds of a new $660 million delayed-draw seven-year first-lien term loan to fund the redemption.

Agiliti is a Minneapolis-based provider of health-care technology management and service solutions.

© 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.