RadNet amends credit agreement to replace LIBOR with SOFR; credit spread adjustments up to 0.42826%

RadNet, Inc.

Amendment replaces LIBOR with SOFR as interest rate benchmark for first-lien credit facility.
Credit spread adjustments: 0.11448% (1-month), 0.26161% (3-month), 0.42826% (6-month).
Effective March 31, 2023; all other material terms of credit agreement unchanged.
Borrower: RadNet Management, Inc.; guarantors include RadNet, Inc. and subsidiaries; Barclays Bank PLC as administrative agent.
Amendment entered into on March 27, 2023 and disclosed as a material definitive agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

RadNet, Inc. amended First Amendment to Second Amended and Restated First Lien Credit and Guaranty Agreement with Barclays Bank PLC (effective 2023-03-27).

Action: amendment
Agreement: credit facility
Counterparty: Barclays Bank PLC
Effective: 2023-03-27

Exact text from the filing

On March 27, 2023, RadNet Management, Inc., as borrower, RadNet, Inc. and certain of its subsidiaries, as guarantors, and Barclays Bank PLC, as administrative agent and collateral agent, entered into a First Amendment to Second Amended and Restated First Lien Credit and Guaranty Agreement (the “Amendment”).

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RadNet, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-002122

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