Radiology talks $240 million incremental loan at Libor plus 475 bps

By Paul A. Harris

Portland, Ore., April 26 – Radiology Partners Inc. talked its fungible $240 million incremental first-lien term loan B with a 475 basis points spread to Libor with a 0% Libor floor, according to a market source.

The deal is being offered to new money investors at 99.00 and features 101 soft call protection for six months.

Barclays, Deutsche Bank Securities Inc., Fifth Third Bank and Golub are the bookrunners on the deal.

The company is also getting a $120 million privately placed incremental second-lien term loan, the source said.

Proceeds will be used to fund acquisitions currently under letters of intent.

New Enterprise Associates is the sponsor.

Radiology Partners is an El Segundo, Calif.-based radiology physician practice management company.

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