RadNet talks $675 million term loan B at Libor plus 325-350 bps

By Sara Rosenberg

New York, April 7 – RadNet Management Inc. launched on Wednesday its $675 million seven-year term loan B with price talk of Libor plus 325 basis points to 350 bps with a 0.75% Libor floor and an original issue discount of 99 to 99.5, according to a market source.

The company’s $870 million of credit facilities (B1/B) also include a $195 million five-year revolver.

Barclays is the bookrunner and administrative agent on the deal.

Commitments are due at noon ET on April 15, the source added.

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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