New Issue: AmeriPath $80.3 million proceeds add-on to 10½% notes due 2013 yields 9.116%

By Paul A. Harris

St. Louis, Feb. 4 - AmeriPath Inc. priced an $80.3 million proceeds add-on to the company's 10½% senior subordinated notes due April 1, 2013 Wednesday at 107.125 for a yield to worst of 9.116%, a syndicate source said.

The add-on had a face amount of $75 million.

Credit Suisse First Boston, Deutsche Bank Securities, Citigroup and Wachovia Securities were joint bookrunners on the Rule 144A/Regulation S issue.

Proceeds will be used to repay bank debt.

The original $275 million issue priced on March 13, 2003.

AmeriPath is a Riviera Beach, Fla.-based provider of cancer diagnostics, genomics and related information services.

Issuer:	AmeriPath Inc.
Face amount:	$75 million
Proceeds:	$80,343,750
Security description:	Add-on to the 10½% senior subordinated notes due April 1, 2013
Maturity:	April 1, 2013
Bookrunners:	Credit Suisse First Boston, Deutsche Bank Securities, Citigroup, Wachovia Securities
Coupon:	10½%
Price:	107.125
Yield to worst:	9.116%
Spread:	544 basis points
Call features:	Callable after April 1, 2008 at 105.250, 103.500, 101.750, par on April 1, 2011 and thereafter
Equity clawback:	Until April 1, 2006 at 110.50 for up to 35%
Pricing date:	Feb. 4
Settlement date:	Feb. 12, with accrued interest

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