Merge Healthcare Incorporated (NASDAQ: MRGE) ("Merge") today announced the pricing of its $52 million aggregate principal amount of 11.75% senior secured notes due 2015. The issue price is 103% of the principal amount of the notes. The notes were offered in a private placement pursuant to Rule 144A under the Securities Act of 1933, as amended. The notes are being offered as additional debt securities under an indenture pursuant to which Merge previously issued $200 million in aggregate principal amount of Senior Secured Notes due 2015, and as supplemented by a supplemental indenture entered into on June 14, 2011 in connection with Merge's previously announced consent solicitation. The sale of the notes is expected to close on or about June 20, 2011.
The notes will be senior secured obligations of Merge and will be guaranteed on a senior basis by all of Merge's domestic restricted subsidiaries.