MedQuest to start roadshow Thursday for $85 million 10-year discount notes

By Paul A. Harris

St. Louis, Aug. 9 - MQ Associates Inc., the parent corporation of MedQuest Inc., will start a roadshow Thursday for an $85 million proceeds offering of eight-year senior discount notes (Caa1/B-), according to a market source.

Pricing is expected to take place early in the week of Aug. 16.

JP Morgan will run the books for the Rule 144A/Regulation S offering.

The notes will have a four-year zero coupon and will come with four years of call protection.

The offering is conditioned upon the receipt of an amendment to the existing senior credit facility.

Proceeds will be used to fund a dividend payment to the company's existing stockholders.

MedQuest Inc. is an Alpharetta, Ga.-based operator of independent, fixed-site, outpatient diagnostic imaging centers.

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