RadNet said it is seeking a new $200 million incremental term loan to support acquisitions, organic expansion, health system partnerships and other corporate uses, adding fresh borrowing capacity to its capital structure.
If completed, the new loan would be folded into RadNet’s existing term loan and would mature on April 18, 2031, the same date as the current facility. The company said it expects to use the money for future growth opportunities across its imaging center network and technology platforms.
Chief Financial Officer Mark Stolper said RadNet is “opportunistically and proactively” raising additional funds and expects, if successful, to close the transaction toward the middle of June.
RadNet operates a network of outpatient imaging centers and said it has more than 11,000 team members, including contracted radiologists, full-time and per diem employees and technologists. The company’s footprint includes Arizona, California, Delaware, Florida, Idaho, Indiana, Maryland, New Jersey, New York, Texas and Virginia. As a result of these announcements, the company's shares have moved -2.75% on the market, and are now trading at a price of $52.815. For more information, read the company's full 8-K submission here.
