Agiliti , Inc. (“UHS”) today announced that it has
completed its previously announced offer to exchange (the “Exchange
Offer”) up to $425 million in aggregate principal amount of its 7.625%
second lien senior secured notes due in 2020 (the “Initial Notes”) not
registered under the Securities Act of 1933, as amended (the “Securities
Act”) for an equal aggregate principal amount of its registered 7.625%
second lien senior secured notes due in 2020 (the “New Notes”). The
Exchange Offer expired at 5:00 p.m. New York City time, on January 11,
2013. All of the Initial Notes were submitted for exchange, and the
Company has accepted for exchange all the Initial Notes validly tendered
and not withdrawn pursuant to the Exchange Offer.
The Exchange Offer was made pursuant to a Registration Rights Agreement
entered into by the Company when it originally issued the Initial Notes
on August 7, 2012. As the Company issued the Initial Notes in a private
placement transaction, the Initial Notes were subject to transfer
restrictions. The purpose of the Exchange Offer was to allow holders of
the Initial Notes to exchange their notes for New Notes that did not
have these restrictions.
The terms of the New Notes issued in the Exchange Offer are
substantially the same as the terms of the Initial Notes, except that
the New Notes are registered under the Securities Act, have no transfer
restrictions under the federal securities laws, no registration rights
and no rights to additional interest.
This announcement does not constitute an offer to purchase or a
solicitation of an offer to sell securities. The Exchange Offer was made
only pursuant to a prospectus and the related letter of transmittal and
only to such persons and in such jurisdictions as is permitted under
About Agiliti , Inc.
Agiliti , Inc. is a leading nationwide provider of
medical equipment management and service solutions to the health care
industry. Agiliti manages more than 688,000 pieces of medical equipment for
over 8,740 clients in all 50 states. For more than 70 years, Agiliti has
delivered management and service solutions that help clients reduce
costs, increase operating efficiencies, improve caregiver satisfaction
and support optimal patient outcomes.
Agiliti , Inc.
6625 West 78th Street, Suite 300
Safe Harbor for Forward-Looking and Cautionary Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to risks and uncertainties that
may be described from time to time in Agiliti filings with the Securities
and Exchange Commission. Factors which could materially affect such
forward-looking statements are described in such filings. Readers are
cautioned not to place undue reliance on the forward-looking statements
contained herein, which speak only as of the date hereof. Agiliti undertakes
no obligation to publicly update any forward-looking statement, whether
as a result of new information, future developments or otherwise, except
as may be required by law.
Agiliti , Inc.
Susan Wolf, 952-607-3109
Vice President Finance and Treasurer