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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.

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Title Annotation:Wall Street West
Author:Darmiento, Laurence
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 9, 2004
Words:85
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