InSight Health Services has commenced its offer to exchange up to an aggregate of $12.5 million principal amount of its senior secured floating rate notes due 2011, which were initially issued on July 9, 2007, for a like principal amount of its registered senior secured floating rate notes due 2011.
The Lake Forest, Ill.-based InSight said it will accept for exchange any and all outstanding notes which are properly tendered in the exchange offer prior to midnight, E.T. on Jan. 25, unless extended by InSight in its sole discretion. Tenders of outstanding notes may be withdrawn at any time prior to midnight, E.T. on Jan. 25, the company said.
The exchange offer is not conditioned upon any minimum principal amount of outstanding notes being tendered for exchange, but is otherwise subject to certain customary conditions, according to InSight.