Merge Healthcare commences $52M exchange offer of 11.75% Senior Secured Notes

Merge Healthcare (NASDAQ: MRGE), a leading provider of enterprise imaging and interoperability solutions, announced today that it has commenced an offer to exchange $52 million principal amount of its 11.75% Senior Secured Notes due 2015, which are registered under the Securities Act of 1933 (the "New Notes"), for $52 million of its currently outstanding 11.75% Senior Secured Notes due 2015 that were issued in June 2011 and which have not been registered under the Securities Act of 1933 (the "Old Notes").

The terms of the New Notes to be issued are identical in all material respects to the Old Notes, except that the New Notes will have been registered under the Securities Act of 1933, will not have any of the transfer restrictions or registration rights applicable to the Old Notes and will bear a different CUSIP number from the Old Notes. Merge will not receive any proceeds from the exchange offer, nor will Merge's debt level change as a result of the exchange offer.

The exchange offer is being conducted by Merge to satisfy its obligations under the registration rights agreement that Merge entered into in connection with the issuance of the Old Notes. The exchange offer is subject to the conditions set forth in the prospectus dated November 4, 2011, and the related letter of transmittal, and will be open for acceptance until 5:00 p.m., Eastern Time, on Monday, December 5, 2011, unless extended. Persons with questions regarding the exchange offer should contact the exchange agent, The Bank of New York Mellon, at 212.815.2742.

Source Merge Healthcare