Radiation Therapy gets $90 million term loan, $100 million revolver

By Susanna Moon

Chicago, Aug. 30 - Radiation Therapy Services Holdings Inc. obtained a $90 million term loan and a $100 million revolving credit facility, both due Oct. 15, 2016.

Interest on the revolving loans will be Libor plus 500 basis points to 575 bps based on leverage. Interest on the term loan will be 6.5%.

The company amended its credit agreement Wednesday with Wells Fargo Bank, NA as administrative agent and collateral agent, according to an 8-K filing with the Securities and Exchange Commission.

SunTrust Bank is the syndication agent; General Electric Capital Corp. is the documentation agent; and Wells Fargo Securities, LLC, SunTrust Robinson Humphrey, Inc. and Morgan Stanley Senior Funding, Inc. are the joint lead arrangers and bookrunners.

Radiation Therapy is a Fort Myers, Fla.-based provider of advanced radiation therapy and other services to cancer patients.

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