Unilab Sells Promissory Note to Raise Revenues
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Unilab Corp. in Tarzana has raised $11 million by selling a promissory note to Donaldson, Lufkin & Jenrette Securities Corp.
Unilab, a laboratory services concern that been posting big losses this year, will take a nonrecurring charge of $4.5 million in the fourth quarter from the sale of the note. The promissory note has a face value of $15 million.
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