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RadNet readies launch of $870 million credit facilities for Wednesday
By Sara Rosenberg
New York, April 6 – RadNet Management Inc. is scheduled to hold a lender call at 11 a.m. ET on Wednesday to launch $870 million of credit facilities, according to a market source.
Barclays is the bookrunner and administrative agent on the deal.
The facilities consist of a $195 million five-year revolver and a $675 million seven-year term loan B, the source said.
Proceeds will be used to refinance the company’s existing credit facilities and replenish balance sheet cash for general corporate purposes.
RadNet is a Los Angeles-based owner and operator of outpatient diagnostic imaging centers.
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