PLANTATION, Fla., Feb. 11, 2021 /CNW/ - Akumin Inc. (NASDAQ: AKU)
(TSX: AKU) (the "Issuer"), which in November of 2020 issued and
sold $400 million aggregate principal
amount of 7.00% senior secured notes due 2025, announced today that
it completed its private offering (the "Private Offering") of
$75 million aggregate principal
amount of additional 7.00% senior secured notes due 2025 (the "New
Notes"). The New Notes are being offered as additional notes under
the same indenture as the previously issued senior secured notes
and will be treated as a single series with the previously issued
senior secured notes.
The Issuer will use the net proceeds from the offering for
future acquisitions, with any unused proceeds to be used for
working capital and other general corporate purposes, which may
include reducing debt.
The New Notes are 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 Private Offering is exempt from the registration
requirements of the Securities Act of 1933, as amended (the
"Securities Act"). The New Notes were 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 New 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 New 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 Management Discussion & Analysis
dated November 11, 2020, which is
available at www.sedar.com and www.sec.gov. 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.
SOURCE Akumin Inc.