RadNet refinances corporate debt

AuntMinnie.com staff writers
Apr 6, 2010

Imaging services provider RadNet of Los Angeles said on April 6 that is has completed its plan to refinance $585 million in corporate debt.

In addition to the issuance of a $285 million senior secured term loan due April 6, 2016, the debt refinancing plan included a $100 million senior secured revolving credit facility due April 6, 2015, and $200 million of senior unsecured notes due April 1, 2018.

RadNet said that the net proceeds of the debt refinancing will be used to fund the company's previously announced acquisitions of Truxtun Medical Group in Bakersfield, CA, and the New Jersey operating subsidiary of Health Diagnostics, currently under letters of intent.

Related Reading

RadNet begins turnaround in Q4, March 16, 2010

RadNet grows revenues, posts loss in Q3, November 10, 2009

RadNet grows revenue, trims loss, August 12, 2009

RadNet closes on nine-center purchase, June 15, 2009

RadNet posts good Q1 numbers, May 11, 2009

Copyright © 2010 AuntMinnie.com

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