Radiology Business April 4, 2024
RadNet Inc. is refinancing a $679 million term loan as the publicly traded imaging center operator aims to fuel future “growth opportunities.”
The debt is due in April 2028, leaders said Wednesday, and RadNet also wants to refinance an undrawn $195 million revolving credit line set to mature in 2026. The Los Angeles-based company hopes to replace these two debt vehicles with a new $840 million term loan that matures in seven years, along with a $250 million revolving credit line maturing in five years.
“Our recent strong operating results, successful public offering and upgrade of our corporate credit rating have substantially lowered our leverage and improved our access to capital,” Mark Stolper, RadNet’s executive VP and chief financial officer,...
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