BRIEF-Akumin Inc. Reaches Agreement With Stonepeak To Become A Private Company

Reuters

2023-10-21

Oct 20 (Reuters) - Akumin Inc :

* AKUMIN INC. REACHES AGREEMENT WITH STONEPEAK TO BECOME A PRIVATE COMPANY

* AKUMIN INC- CONTEMPLATED TRANSACTION WILL RESULT IN EXISTING STONEPEAK NOTE, TOTALING APPROXIMATELY $470 MILLION

* AKUMIN INC: COMPANY AND CERTAIN OF ITS SUBSIDIARIES WILL COMMENCE PREPACKAGED CHAPTER 11 CASES IN OF TEXAS

* AKUMIN INC- UNDER DEAL AKUMIN'S EXISTING COMMON STOCKHOLDERS WILL RECEIVE A TOTAL OF $25 MILLION IN CASH

* AKUMIN INC: IN ADDITION, STONEPEAK WILL INVEST $130 MILLION IN NEW MONEY INTO COMPANY AS A CAPITAL CONTRIBUTION

* AKUMIN INC: CO'S SENIOR SECURED NOTES DUE 2028 WILL BE EXCHANGED FOR NEW SENIOR SECURED NOTES WITH SAME MATURITY DATE BUT AN INCREASED INTEREST RATE

Source text for Eikon: Further company coverage:

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Reaches Agreement With Stonepeak To Become A Private Company\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2023-10-21 05:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><body><p>Oct 20 (Reuters) - Akumin Inc   :</p><p>   * AKUMIN INC. REACHES AGREEMENT WITH STONEPEAK TO BECOME A PRIVATE COMPANY</p><p>   * AKUMIN INC- CONTEMPLATED TRANSACTION WILL RESULT IN EXISTING STONEPEAK NOTE, TOTALING APPROXIMATELY $470 MILLION</p><p>   * AKUMIN INC: COMPANY AND CERTAIN OF ITS SUBSIDIARIES WILL COMMENCE PREPACKAGED CHAPTER 11 CASES IN OF TEXAS</p><p>   * AKUMIN INC- UNDER DEAL AKUMIN'S EXISTING COMMON STOCKHOLDERS WILL RECEIVE A TOTAL OF $25 MILLION IN CASH</p><p>   * AKUMIN INC: IN ADDITION, STONEPEAK WILL INVEST $130 MILLION IN NEW MONEY INTO COMPANY AS A CAPITAL CONTRIBUTION</p><p>   * AKUMIN INC: CO'S <a href=\"https://laohu8.com/S/SNR.UK\">SENIOR</a> SECURED NOTES DUE 2028 WILL BE EXCHANGED FOR NEW SENIOR SECURED NOTES WITH SAME MATURITY DATE BUT AN INCREASED INTEREST RATE</p><p>Source text for Eikon:    Further company coverage:   </p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AKUMQ","symbol_name":"Akumin Inc.","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2377228992","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2377228992","pubTimestamp":1697835807,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Oct 20  - Akumin Inc   :   * AKUMIN INC. 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