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Radiology Partners to launch $695 million credit facilities on Monday
By Sara Rosenberg
New York, Oct. 25 – Radiology Partners is scheduled to hold a bank meeting on Monday to launch $695 million of credit facilities, according to a market source.
Golub Capital is the arranger on the deal.
The facilities consist of a $40 million revolver, a $505 million term loan and a $150 million delayed-draw term loan, the source said.
Included in the deal is a financial maintenance leverage covenant.
Proceeds will be used to fund an acquisition and refinance existing debt.
Radiology Partners is an El Segundo, Calif.-based radiology physician practice management company.
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