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January 03, 2003 at 07:00 PM
NU Online News Service, Jan. 3, 9:37 a.m. – LabOne Inc., Lenexa, Kan., says it has paid off $15 million in debts early.
The company, which provides medical testing services for the life insurance industry as well as conventional medical laboratory services, prepaid $15 million of Series A Senior Subordinated Notes. The notes pay an interest rate of 11% and were issued in August 2001 to help finance an acquisition.
LabOne used cash from a line of credit to pay off the notes.
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