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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.
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