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HealthTronics to redeem 8¾% notes with new loan borrowings
By Caroline Salls
Pittsburgh, March 24 - HealthTronics Inc. said it will redeem its $100 million outstanding of 8¾% senior subordinated notes due 2008 on April 22 at a price of 101.458% of the principal amount of the notes.
To fund the redemption, the company will use borrowings from its new $125 million senior secured term loan B due 2011 and $50 million revolving credit facility due 2010.
The new loans will also be used to repay the $32 million outstanding debt under HealthTronics' previous senior credit facility.
HealthTronics is an Austin, Texas, healthcare services provider.
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