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Prospect News home > News index > List of issuers R > Headlines for RadNet Inc. > News item
Published on 4/23/2015 in the Prospect News Bank Loan Daily.

RadNet talks $75 million incremental first-lien loan at 99¾ area OID

By Sara Rosenberg

New York, April 23 – RadNet Inc. launched on Thursday its fungible $75 million incremental first-lien term loan due Oct. 10, 2018 with original issue discount talk in the 99¾ area, according to a market source.

Pricing on the incremental loan is Libor plus 325 basis points with a 1% Libor floor, in line with the existing first-lien term loan.

Barclays is the bookrunner on the deal.

Proceeds will be used to repay revolver borrowings and for general corporate purposes.

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

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


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