
Loan & DebtJun 30, 2026, 05:16 PM
Lumexa Imaging Secures $823M Term Loan, $250M Revolving Credit
AI Summary
Lumexa Imaging Holdings, Inc. announced an amendment to its Credit Agreement, establishing a new secured term loan facility of approximately $823 million and a secured revolving line of credit of $250 million. The term loan matures in December 2032 and the revolving facility in December 2030, both bearing interest at SOFR plus 2.50% or Prime Rate plus 1.50%. The agreement includes restrictive covenants and a financial covenant requiring a consolidated net leverage ratio not exceeding 7.50 to 1 under certain conditions.
Key Highlights
- Secured term loan facility of approximately $823 million.
- Secured revolving line of credit of $250 million.
- Term loan interest rate: SOFR + 2.50% or Prime Rate + 1.50%.
- Term loan matures in December 2032.
- Revolving credit facility matures in December 2030.
- Financial covenant: consolidated net leverage ratio not to exceed 7.50 to 1 if revolving credit exposure exceeds 40%.
- 1.00% prepayment premium for certain repricing transactions within six months.
Price Impact
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