DJO Global Subsidiary to Conduct Private Offering
Monday, March 26, 2012DJO Global Inc., the manufacturer of orthopedic devices, recently said its subsidiary, DJO Finance LLC, will conduct a private offering of $230 million in second priority notes due 2018.
The Vista-based company said it intends to use the funding, along with proceeds from a term loan and new line of credit, to repurchase $219 million in senior notes due 2014 that are currently paying 10.875 percent interest as well as repay other outstanding debt instruments.
— Mike Allen
