Merge Seeks to Refinance Debt
Merge Healthcare Inc. has commenced a cash tender offer for any and all of its $252 million outstanding aggregate principal amount of 11.75% Senior Secured Notes due 2015.
According to the company, it is seeking to improve its financial position and eliminate many of the restrictive covenants and certain events of default connected with its current loan.
Jefferies LLC is acting as the dealer manager for the tender offer and solicitation agent for the consent solicitation. i-Deal LLC is acting as the information agent and tender agent for the tender offer and consent solicitation.
Earlier this year, Merge stopped shopping for a buyer for the company and instead decided it could do better than the offers it got by putting its own financial house in order.