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Alliance Imaging Completes Amendment to Credit Agreement.


ANAHEIM, Calif. -- Alliance Imaging, Inc. (NYSE NYSE

See: New York Stock Exchange
:AIQ AIQ Analytical Instrument Qualification
AIQ Available in Quarters
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AIQ Allowance Item Quantity
AIQ Analyst Interest Queue
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), a leading national provider of diagnostic imaging services, announced that it has amended its Credit Agreement effective December 19, 2005.

The amendment to the Credit Agreement contains the following provisions:

--The Company's maximum leverage ratio covenant as defined in the Credit Agreement was amended to a level not to exceed 4.00 to 1.00 as of the last day of any fiscal quarter until the expiration of the agreement. Prior to the fourth amendment, the Company's maximum leverage ratio covenant was 3.75 to 1.00 as of the last day of any fiscal quarter beginning March 31, 2006 to the expiration of the agreement.

--The amendment contains a maximum senior leverage ratio covenant as defined in the amendment to the Credit Agreement to a level not to exceed 3.00 to 1.00 as of the last day of any fiscal quarter.

--The amendment increased the Tranche Tranche

One of several related securities offered at the same time. Tranches from the same offering usually have different risk, reward, and/or maturity characteristics.


tranche

A class of bonds.
 C base rate margin from an annual rate of 1.25% to 1.50% and the Tranche C LIBOR LIBOR

See: London Interbank Offered Rate


LIBOR

See London interbank offered rate (LIBOR).
 margin from an annual rate of 2.25% to 2.50%. In connection with the amendment, the Company incurred an amendment fee of 12.5 basis points.

About Alliance Imaging

Alliance Imaging is a leading national provider of shared-service and fixed-site diagnostic imaging services, based upon annual revenue and number of systems deployed. Alliance provides imaging services primarily to hospitals and other healthcare providers on a shared and full-time service basis, in addition to operating a growing number of fixed-site imaging centers. The Company had 497 diagnostic imaging systems, including 350 MRI 1. (application) MRI - Magnetic Resonance Imaging.
2. MRI - Measurement Requirements and Interface.
 systems and 58 PET or PET/CT PET/CT Positron Emission Tomography and Computed Tomography  systems, and over 1,000 clients in 44 states at September 30, 2005.

This press release contains forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. These statements involve risks and uncertainties that could cause actual results to differ materially from those projected. For a complete list of risks and uncertainties, please refer to the Risk Factor section of the Company's Form 10-K/A for the year ended December 31, 2004 filed with the Securities and Exchange Commission.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Dec 22, 2005
Words:365
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