Press Releases
PHNS Closes $150 Million Refinancing
DALLAS,
TX- October 3, 2006 –
Dallas-based PHNS Inc. announced that it has closed a $150 million
senior debt refinancing. The financing was arranged by JPMorgan Securities,
Inc. as Sole Bookrunner and Sole Lead Arranger. The proceeds were used
to retire outstanding senior debt, subordinated debt and preferred stock,
as well as to provide additional capital to continue PHNS’ rapid growth.
PHNS provides a wide range of information technology, health information
management and revenue cycle services to help over 400 U.S. hospitals
improve their efficiency and reduce their operating expenses.
Eight major financial institutions participated in PHNS’ refinancing:
- JPMorgan Chase Bank, N.A.—Administrative Agent
- Comerica Bank—Co-Syndication Agent
- Merrill Lynch Business Financial Services Inc.—Co-Syndication Agent
- Bank of America, N.A.—Co-Documentation Agent
- KeyBank, N.A.—Co-Documentation Agent
- Guaranty Bank
- The Prudential Insurance Company of America
- Wells Fargo Bank, N.A.
About PHNS:
PHNS provides comprehensive healthcaring solutions for hospitals including information technology,
health information management (including medical record management and storage, transcription,
coding, release of information and electronic medical record services) and receivables management
services. Serving more than 400 U.S. hospitals, PHNS creates business-healthy hospitals by
improving operations, enhancing technology and increasing cash on hand. This allows hospitals
to focus on their core competency--patient care. PHNS is a national healthcare services
company headquartered in Dallas, Texas. See
www.phns.com for additional information about PHNS.
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