AmeriPath brings $75 million add-on to 10½% notes due 2013

By Paul A. Harris

St. Louis, Feb. 3 - AmeriPath Inc. expects to price a $75 million add-on to its 10½% senior subordinated notes due April 1, 2013 late Wednesday or early Thursday, according to an informed source.

Credit Suisse First Boston, Deutsche Bank Securities, Citigroup and Wachovia Securities are joint bookrunners on the Rule 144A/Regulation S offering.

The notes become callable on April 1, 2008 at 105.25, with the call premium declining annually, from that date, to 103.5, 101.75, and to par on April 1, 2011 and thereafter. The notes also contain an equity clawback until April 1, 2006 at 110.50 for up to 35%.

Proceeds will be used to repay bank debt.

The original $275 million issue priced on March 13, 2003.

The company is a Riviera Beach, Fla.-based provider of cancer diagnostics, genomics, and related information services.

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