Akumin to sell $75 million more 7% secured notes due 2025 on Monday

By Paul A. Harris

Portland, Ore., Feb. 8 – Akumin Inc. plans to price a $75 million add-on to its 7% senior secured notes due Nov. 1, 2025 in a Monday drive-by trailing a mid-morning conference call with investors, according to a market source.

Barclays, BBVA and Citigroup are the joint bookrunners for the Rule 144A and Regulation S for life tap.

The notes become callable on Nov. 1, 2022 at 103.5.

The Toronto-based provider of diagnostic imaging services plans to use the proceeds to fund acquisitions under its letter of intent and for general corporate purposes.

The original $400 million issue priced in October 2020.

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