RadNet prices $875M term loan and $282M revolver in upsized refinancing

RadNet, Inc.

$875M term loan (up from $840M) at SOFR+2.50%, 7-yr maturity; $282M revolver (up from $250M), 5-yr term.
Proceeds to repay existing $679M term loan, fees, and add ~$180M cash to balance sheet for growth and corporate purposes.
CFO Stolper cites reduced borrowing costs, extended maturities, and increased operating flexibility from strong market demand.
Closing expected in April 2024, subject to final documentation and customary closing conditions.

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