Radiology Partners gets $695 million credit facilities led by Golub

By Sara Rosenberg

New York, Dec. 8 – Radiology Partners closed on its $695 million of credit facilities, according to a market source.

Golub Capital was the arranger on the deal.

The facilities consist of a $40 million revolver, a $505 million term loan due December 2023 and a $150 million delayed-draw term loan.

Pricing on the term loan is Libor plus 575 basis points with a 1% Libor floor and it was sold at an original issue discount of 99, the source said.

The term loan has call protection of 102 in year one and 101 in year two.

The delayed-draw term loan has a 24 month availability and a 1% ticking fee.

Included in the deal is a financial maintenance leverage covenant.

Proceeds are being 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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