RadNet closes upsized public offering of 8.7M shares for ~$259M gross proceeds

RadNet, Inc.

Sold 8,711,250 shares at $29.75 per share, including full overallotment of 1,136,250 shares.
Gross proceeds ~$259.2M; net proceeds ~$245.5M after underwriting discounts and expenses.
Net proceeds used to repay $100M of first lien term loans and for working capital / general corporate purposes.
Jefferies and Raymond James acted as joint active book-running managers; closing occurred June 16, 2023.
Offering was upsized from initial $225M to $259.2M due to strong demand.

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