Radiology Partners talks $365 million loan at Libor plus 475 bps

By Sara Rosenberg

New York, Jan. 16 – Radiology Partners Inc. launched on Wednesday its fungible $365 million incremental first-lien term loan B with price talk of Libor plus 475 basis points with a 0% Libor floor and an original issue discount of 99, according to a market source.

The Libor plus 475 bps spread will also be applied to the company’s existing $800 million first-lien term loan B, the source said.

The incremental loan, as well as the existing term loan B, will get 101 soft call protection for six months.

No fee is being offered to existing lenders on their current term loan B holdings.

Barclays and Golub are the bookrunners on the deal.

Commitments are due at 5 p.m. ET on Jan. 31, the source added.

Proceeds will be used to fund the acquisition of Austin Radiological Association and repay revolving credit facility borrowings associated with the acquisition of Desert Radiology.

New Enterprise Associates is the sponsor.

Radiology Partners is an El Segundo, Calif.-based radiology physician practice management company.

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