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Alliance HealthCare to launch $590 million facility on Wednesday
By Sara Rosenberg
New York, June 14 - Alliance HealthCare Services Inc. is set to hold a bank meeting on Wednesday with a noon ET registration time to launch a proposed $590 million senior secured credit facility, according to a market source.
Barclays Capital Inc., Deutsche Bank Securities Inc. and SunTrust Robinson Humphrey Inc. are the bookrunners on the deal, with Barclays the left lead.
The facility consists of a $120 million revolver and a $470 million term loan B, the source said.
Proceeds will be used to refinance an existing credit facility, including an about $454 million term loan B.
Alliance Healthcare is a Newport Beach, Calif.-based provider of outpatient diagnostic imaging and radiation therapy services.
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