ExamWorks to repay credit facility using proceeds from note offering

New York, April 7 – ExamWorks Group, Inc. plans to repay all outstanding borrowings under the company’s credit facility using funds raised from the sale of new notes.

Proceeds from the offering of $500 million senior notes due 2023, announced Tuesday morning, will also be used to redeem all $250 million of the company’s existing 9% senior notes due 2019, to pay fees and expenses, and for general corporate purposes, according to a news release.

ExamWorks is an Atlanta-based provider of independent medical examinations, peer reviews, bill reviews, Medicare compliance, case management and related services.

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