InSight Health Services Holdings Corp Emerges from Chapter 11
8/2/2007 1:16:59 AM
LAKE FOREST, Calif.--(BUSINESS WIRE)--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.