AKUMIN INC.: going-concern / distress — Akumin Inc. files Chapter 11 bankruptcy; intends prepackaged restructuring

administrative agent and collateral agent, and the lenders from time to time party thereto, which is comprised of a revolving credit facility in an aggregate principal amount of $55 million; • that certain Indenture dated November 2, 2020, as supplemented by that certain First Supplemental Indenture, dated as of February 11, 2021, Second Supplemental Indenture,

were assumed by the Company), as issuer, the Guarantors, as guarantors, and UMB Bank, National Association, as trustee and collateral agent in respect of the issuance of $375 million of aggregate principal amount of notes; and • that certain PIK Toggle Series A Note dated September 1, 2021 (as amended, restated, supplemented, or otherwise modified from time

modified from time to time), issued by Akumin Operating Corp., a wholly owned subsidiary of the Company, to Stonepeak Magnet Holdings LP in the initial principal amount of $340 million. 1 The Debt Instruments provide that, as a result of the Chapter 11 Cases, the principal and interest due thereunder shall be immediately due and payable without notice from the

to time), by and among the Company, as issuer, the Guarantors, as guarantors, and UMB Bank, National Association, as trustee and collateral agent in respect of the issuance of $475 million of aggregate principal amount of notes; • that certain Indenture dated August 9, 2021, as supplemented by that certain First Supplemental Indenture, dated as of September 1, 2021

On October 22, 2023, the Company and certain of its affiliates (collectively, the "Debtors") filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code, 11 U.S.C. §§ 101-1532 (the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"), thereby commencing chapter 11 cases for the Debtors (the "Chapter 11 Cases").