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.
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More From Star Tribune
More From Business
Business
Tennessee Volkswagen workers vote on union membership in test of UAW's plan to expand its ranks
Ballots were being counted Friday night at a Volkswagen plant in Chattanooga, Tennessee, where the United Auto Workers union was optimistic it would win a vote to decide whether it will represent the factory's 4,300 production workers.
Business
Bitcoin's latest 'halving' has arrived. Here's what you need to know
The ''miners'' who chisel bitcoins out of complex mathematics are taking a 50% pay cut — effectively reducing new production of the world's largest cryptocurrency, again.
Business
BNSF Railway says it didn't know about asbestos that's killed hundreds in Montana town
BNSF Railway attorneys told a Montana jury Friday that the railroad should not be held liable for the lung cancer deaths of two former residents of an asbestos-contaminated Montana town, one of the deadliest sites in the federal Superfund pollution program.
Business
Here's how Phish is using the Sphere's technology to give fans something completely different
Phish opened its four-night stay at the Sphere Thursday with a four-hour show that used the advanced technology in the $2.3 billion arena to deliver a show that even the band's most ardent fans have never experienced before.
Business
Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck
Tesla is recalling 3,878 of its 2024 Cybertrucks after it discovered that the accelerator pedal can become stuck, potentially causing the vehicle to accelerate unintentionally and increase the risk of a crash.
