RadNet lead banks emerge on $210 million in term loans ahead of launch

By Sara Rosenberg

New York, March 5 - RadNet Inc.'s $210 million in senior secured first- and second-lien loans are being led by bookrunners Barclays, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and GE Capital Markets, according to a market source.

As previously reported, the debt consists of a $180 million second-lien term loan and a $30 million tack-on to its first-lien term loan B.

A lender call to launch the deal will take place at 3:30 p.m. ET on Thursday.

Proceeds from the term loans will be used to refinance $200 million of the company's 10 3/8% senior unsecured notes due 2018.

Closing is expected in April.

RadNet is a Los Angeles-based owner and operator of fixed-site diagnostic imaging centers.

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