Company news in brief

  • Article by: Wire services
  • Updated: February 12, 2013 - 7:20 PM

DEBT AND EQUITIES

Universal Hospital Services Inc., Bloomington, completed its private offering of $220 million of its 7.625 percent second-lien senior secured notes due in 2020. The new notes were offered as additional debt securities under an indenture pursuant to which UHS previously issued $425 million of 7.625 percent second-lien senior secured notes due in 2020. The company intends to use the net proceeds of the offering to fund the repurchase, redemption or repayment of all of its outstanding floating rate notes due 2015, pay fees and expenses relating to the offering and for general corporate purposes.

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