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US Oncology notes to be repaid or refinanced in buyout by McKesson
By Susanna Moon
Chicago, Nov. 1 - US Oncology Holdings, Inc.'s senior floating-rate pay-in-kind toggle notes due 2012 and US Oncology, Inc.'s 9 1/8% senior secured notes due 2017 and 10¾% senior subordinated notes due 2014 are expected to be repaid or refinanced in connection with the planned acquisition of the company by McKesson Corp.
McKesson said it plans to purchase all outstanding shares of US Oncology for cash. The total deal, including the assumption of US Oncology's outstanding debt, is valued at about $2.16 billion.
US Oncology is a Woodlands, Texas-based provider of cancer treatment and research services. McKesson is a San Francisco-based health-care services and information technology company.
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