Company roundup

  • Updated: May 8, 2013 - 8:23 PM

NEW PRODUCTS

St. Jude Medical Inc., Little Canada, announced CE Mark approval of its next-generation Ellipse and SJM Assura portfolio of implantable cardioverter defibrillators and cardiac resynchronization therapy defibrillators. The new portfolio is designed to lower the risk for lead abrasion and to ensure high voltage therapy delivery.

NEW BUSINESS

ForesightPower, St. Paul, a distributor of solar-powered street lighting systems, announced a strategic agreement with Fonroche Energie, a French manufacturer of renewable energy products, to supply new advanced solar lighting systems worldwide. ForesightPower will integrate solar lighting components with poles to supply durable outdoor lights.

DEBT AND EQUITIES

Universal Hospital Services Inc., Bloomington, has completed its previously announced offer to exchange up to $220 million of its 7.625 percent second lien senior secured notes due in 2020, for an equal amount of its registered 7.625 percent second lien senior secured notes due in 2020.

Northern Oil and Gas Inc., Wayzata, has priced its underwritten public offering of $200 million of its 8 percent senior notes due 2020 to yield 6.754 percent. Northern plans to use the net proceeds of about $204.6 million, after deducting underwriting discounts and offering expenses, to repay borrowings outstanding under its revolving credit facility, to fund capital expenditures, and for other general corporate purposes. The offering is expected to close on May 13.

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