Loan & DebtJun 10, 2026, 05:26 PM
RadNet Secures $250M Loan, Cuts Interest Rates by 0.25%
AI Summary
RadNet, Inc. has entered into an Incremental Amendment No. 3 to its Credit and Guaranty Agreement, securing a $250 million incremental term loan. The proceeds are earmarked for future acquisitions, organic expansion, health system partnerships, and general corporate purposes. The amendment also resulted in a 0.25% reduction in interest rates for both the new term loan and the existing revolving credit facility. Quarterly principal payments on the term loan will increase.
Key Highlights
- RadNet secured a $250 million incremental term loan maturing April 18, 2031.
- Proceeds will fund future acquisitions, organic expansion, and general corporate purposes.
- Interest rate on the Term Loan reduced by 0.25% to Term SOFR + 2.00% or Alternate Base Rate + 1.00%.
- Interest rate on the $282 million revolving credit facility also reduced by 0.25%.
- Quarterly principal payments on the Term Loan increased to approximately $3.1 million from $2.4 million.
Price Impact
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