Attached files
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8-K - 8-K - PROSPECT MEDICAL HOLDINGS INC | a11-22331_18k.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
PROSPECT MEDICAL HOLDINGS, INC.
ANNOUNCES RESULTS OF CONSENT SOLICITATION
AND RECEIPT OF REQUISITE CONSENTS
Los Angeles, CA July 26, 2011 Prospect Medical Holdings, Inc. (the Company) announced today the results of its solicitation of consents to amend certain provisions of the indenture pursuant to which its 12¾% Senior Secured Notes due 2014 (CUSIP: 743494AA4 and 743494AB2) (the Notes) were issued. As of 5:00 p.m., New York City time, on July 22, 2011, tenders and consents had been received from holders of $137,637,000 in aggregate principal amount of the Notes, representing approximately 90.6% of the outstanding Notes.
In conjunction with receiving the requisite consents, the Company, the Subsidiary Guarantors and U.S. Bank National Association, as Trustee, executed a supplemental indenture with respect to the indenture under which the Notes were issued effecting certain amendments that would, among other things, amend the Companys reporting obligations under the indenture.
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