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UTI's $115 Mil. IPO Proceeds To Pay Down Debt From Acquisitions

This article was originally published in The Gray Sheet

Executive Summary

UTI Corp.'s proposed initial public offering of up to $115 mil. in common stock will help the medical device component manufacturer retire a portion of the nearly $140 mil. in long-term debt resulting from a series of mergers and acquisitions that helped the company take its current form.
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