StockWatch
·
Medical Specialities
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.