RadNet to refinance outstanding debt through GE

AuntMinnie.com staff writers
Jul 4, 2007

Outpatient imaging center firm RadNet of Los Angeles has signed an agreement with GE Healthcare Financial Services (GEHFS) for a $445 million senior secured credit facility to refinance all of RadNet’s existing debt and provide working capital for future purchases.

The deal includes a $45 million revolving line of credit, as well as a $400 million term loan, and will result in annual interest cost savings of about $5.4 million, according to RadNet. The financing is expected to be concluded in August 2007.

By AuntMinnie.com staff writers
July 5, 2007

Related Reading

RadNet to acquire NY center group, May 24, 2007

Cost savings offset DRA impact for RadNet in Q1, May 22, 2007

RadNet gets Nasdaq global listing, February 13, 2007

RadNet revenue up in fiscal 2006, February 8, 2007

Primedex changes name, November 30, 2006

Copyright © 2007 AuntMinnie.com

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