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InSight Health Services Holdings Corp.
InSight Health Services Holdings Corp. Emerges from Chapter 11
August 18th, 2007
InSight Health Services Holdings Corp. ("InSight") announced that InSight and its wholly owned subsidiary InSight Health Services Corp. ("IHSC") emerged from Chapter 11 today. Following a successful two-month prepackaged restructuring, InSight has eliminated $194.5 million of long-term debt, and strengthened its balance sheet. InSight also announced that it has obtained from Bank of America, N.A. a revolving credit facility of up to $30 million that will be used to provide working capital for ongoing operations. Bret W. Jorgensen, InSight's President and Chief Executive Officer, commented on the restructuring, "We set out to complete the...
Source: Law & Health Weekly (2007-08-18)
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