Deal closed.
Primedex Health Systems Inc. has finally completed its financial
restructuring after renegotiating the terms of its $150 million in
long-term debt with two of its lenders, the company announced last week.
The Los Angeles-based operator of diagnostic imaging centers also
was able to open a new $23 million revolving credit facility with Wells
Fargo Foothill, a division of Well Fargo Bank that specializes in
lending to troubled companies. Primedex plans to access the credit for
working capital.
Primedex emerged from Chapter 11 bankruptcy last year.
COPYRIGHT 2004 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
|
Reader Opinion