RadNet plans to refinance 10 3/8% notes due 2018 with lower-cost loans

By Susanna Moon

Chicago, March 3 - RadNet, Inc. said it plans to refinance its 10 3/8% senior notes due 2018 with proceeds of lower-cost loans.

The note would be replaced by new senior secured second-lien term loan debt and additional debt under the company's senior secured first-lien credit facility, according to an earnings release for the fourth quarter and full year ended Dec. 31, 2013.

The company said it is considering a tender offer for or redemption of the notes.

The refinancing would be subject to negotiations with current lenders for the company's senior secured debt and market conditions, the company noted.

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

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