RadNet to launch $100 million incremental term loan B on Thursday

By Sara Rosenberg

New York, April 3 – RadNet Management Inc. is set to hold a lender call at 1 p.m. ET on Thursday to launch a fungible $100 million incremental term loan B, according to a market source.

Barclays is the bookrunner on the deal.

Proceeds will be used to repay revolving credit facility borrowings, fund cash to the balance sheet for potential future acquisitions and pay related fees and expenses.

In addition, the company will launch an amendment on the lender call that would allow for increased flexibility for future strategic alternatives, the source added.

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

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