DVI Issues Notes to Insurance Firms

DVI Health Services Corp., seeking additional capital to expand its equipment financing business, said Monday it has issued $42 million worth of notes to Allstate Life Insurance Co. and Principal Mutual Life Insurance Co.

The notes are secured by equipment leases and were issued to the two insurance companies through a specially formed corporation, DVI Lease Finance Corp. II. The leases were made by DVI Financial Services Inc., a company subsidiary.