PLANTATION, Fla., Oct. 20, 2020 /CNW/ - Akumin Inc. (NASDAQ:
AKU) (TSX: AKU) (the "Issuer") announced today that it plans
to offer, subject to market and other conditions, senior secured
notes in a private offering (the "Private Offering") that is exempt
from the registration requirements of the Securities Act of 1933,
as amended (the "Securities Act").
The Issuer intends to use the net proceeds from the offering to
repay in full all outstanding borrowings and terminate all
commitments under its existing revolving credit facility and its
existing term loans and to pay related financing fees and
expenses.
The notes will be fully and unconditionally guaranteed, jointly
and severally, on a senior secured basis by each wholly owned
restricted subsidiary of the Issuer, including professional service
affiliates of the Issuer and the guarantors.
The notes will be offered and sold only to persons reasonably
believed to be qualified institutional buyers in reliance on Rule
144A under the Securities Act and in offshore transactions in
reliance on Regulation S under the Securities Act. The notes and
related guarantees will not be registered under the Securities Act
or any state securities laws and may not be offered or sold in
the United States absent
registration or an applicable exemption from registration
requirements.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the notes, the guarantees or any
other securities, nor shall it constitute an offer, solicitation or
sale in any jurisdiction in which such offer, solicitation or sale
is unlawful.
This press release is being issued pursuant to and in accordance
with Rule 135c under the Securities Act.
Forward-Looking Statements
Certain information in this press release constitutes
forward-looking information. In some cases, but not necessarily in
all cases, forward-looking information can be identified by the use
of forward-looking terminology such as "plans", "targets",
"expects" or "does not expect", "is expected", "an opportunity
exists", "is positioned", "estimates", "intends", "assumes",
"anticipates" or "does not anticipate" or "believes", or variations
of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might", "will" or "will be
taken", "occur" or "be achieved". In addition, any statements that
refer to expectations, projections or other characterizations of
future events or circumstances contain forward-looking information.
Statements containing forward-looking information are not
historical facts but instead represent management's expectations,
estimates and projections regarding future events.
Forward-looking information is necessarily based on a number of
opinions, assumptions and estimates that, while considered
reasonable by Akumin as of the date of this press release, are
subject to known and unknown risks, uncertainties, assumptions and
other factors that may cause the actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking information, including
but not limited to the factors described in greater detail in the
"Risk Factors" section of our Annual Information Form dated
March 31, 2020, which is available at
www.sedar.com. These factors are not intended to represent a
complete list of the factors that could affect Akumin; however,
these factors should be considered carefully. There can be no
assurance that such estimates and assumptions will prove to be
correct. The forward-looking statements contained in this press
release are made as of the date of this press release, and Akumin
expressly disclaims any obligation to update or alter statements
containing any forward-looking information, or the factors or
assumptions underlying them, whether as a result of new
information, future events or otherwise, except as required by
law.
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SOURCE Akumin Inc.