Loan & DebtJun 10, 2026, 04:06 PM
RadNet Secures $250M Incremental Term Loan, Reduces Interest Rates
AI Summary
RadNet, Inc. announced it has entered into Incremental Amendment No. 3 to its First Lien Credit and Guaranty Agreement, securing a $250.0 million incremental term loan. This new loan, maturing on April 18, 2031, will increase quarterly principal payments to approximately $3.1 million. The company plans to use the proceeds for future acquisitions, organic expansion, health system partnerships, and general corporate purposes. Additionally, the amendment reduced the interest rate on the Term Loan and its existing $282 million revolving credit facility by 0.25%.
Key Highlights
- RadNet secured a $250.0 million incremental term loan.
- The 2026 Incremental Term Loan matures on April 18, 2031.
- Quarterly principal payments on the Term Loan will increase from $2.4M to $3.1M.
- Interest rate on the Term Loan was reduced by 0.25% to Term SOFR + 2.00% or ABR + 1.00%.
- Interest rate on the existing $282 million revolving credit facility was also reduced by 0.25%.
- Proceeds will finance future acquisitions, organic expansion, health system partnerships, and general corporate purposes.
- The new loan adds to the $455 million cash balance as of March 31, 2026.
Price Impact
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