RadNet Amends Credit Facility, Cutting Term Loan Interest Rate by 0.25%
RadNet and its subsidiary RadNet Management entered into an amendment to their credit agreement that lowers interest rates on the term loans and revolving credit facility by 0.25%. The company borrowed $872,812,500 in new term loans to refinance existing term loans, and it estimates the change will reduce annual cash interest expense by about $2.2 million.
Key points
- New term loans of $872,812,500 refinance existing term loans under the Restated Credit Agreement dated April 18, 2024.
- Term loan rate reduced to Term SOFR plus 2.25% or alternate base rate plus 1.25%; revolver initially Term SOFR plus 2.75% or alternate base rate plus 1.75%.
- RadNet estimates about $2.2 million in annual cash interest expense reduction; the company provided six months of call protection to lenders.
- Maturity dates, covenants and security are unchanged; the closing was expected the following week per the November 22, 2024 press release.
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 26, 2024.
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