Nichols Institute to Offer $30 Million in...

Nichols Institute to Offer $30 Million in Notes: Nichols Institute, San Juan Capistrano-based operator of a chain of medical laboratories, announced Wednesday that it will issue $30 million in long-term senior notes to raise money for possible additional acquisitions and general corporate purposes. The notes will be sold in a private placement to institutional holders of outstanding 10.5% senior notes, the company said. While the details of the deal remain to be worked out, the company said it expects the new notes will mature in 10 years, have an average life of seven years and carry an interest rate of 9.87%.