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S&P affirms RadNet
Standard & Poor's said it affirmed the CCC+ rating on RadNet Management Inc.'s senior secured second-lien term loan following the company's $60 million add-on. RadNet has increased its outstanding $135 million second-lien term loan to $195 million.
The rating on the company's $305 million first-lien facilities, consisting of a $250 million term loan ($248 million outstanding) and a $55 million revolving credit facility, remains unchanged at B+, one notch higher than the corporate credit rating.
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