RadNet Announces a Proposed Refinancing Transaction for its $611 Million Senior Secured Term Loan and $195 Million Senior Secured Revolving Credit Facility

Published Apr 06 2021 at 10:00 AM GMT
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  • LOS ANGELES, April 06, 2021 (GLOBE NEWSWIRE) -- RadNet, Inc.
  • (NASDAQ:RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of owned and/or operated outpatient imaging centers, today announced a proposed refinancing transaction for its existing senior secured first lien term loan, which had a balance of $611 million as of December 31, 2020, and its $195 million senior secured revolving credit facility, which was undrawn as of year-end 2020.
  • The Company seeks to replace these facilities with a proposed seven-year $675 million senior secured term loan B facility and a five-year $195 million senior secured first lien revolving credit facility.
  • In addition to repaying the existing $611 million senior secured first lien term loan, the proceeds are expected to pay estimated fees and expenses and fund cash to the Company's balance sheet.
  • The proposed refinancing transaction would be subject to negotiations with lenders and market and other conditions.




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  • Published Apr 6, 2021 10:00 AM GMT