Radiation Therapy Services to get $150 million credit facility

By Sara Rosenberg

New York, April 23 - Radiation Therapy Services Inc. plans on getting a new up to $150 million 41/2-year revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission on Monday.

Wells Fargo Securities LLC is heard to be leading the revolver, a market source said.

Closing on the revolver is subject to the company completing a $335 million senior secured second-lien notes offering.

Proceeds from the notes will be used to refinance a portion of the company's existing revolver and term loan B and for general corporate purposes.

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

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