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Stock impact report

RadNet prices and upsizes refinancing transactions [Seeking Alpha]

RadNet, Inc. (RDNT) 
Last radnet, inc. earnings: 3/12 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: radnet.com/about-radnet/investor-relations
Company Research Source: Seeking Alpha
The term loan priced at SOFR plus 2.50% with an original issue discount of 99.25, and a seven-year term. RadNet ( RDNT ) has also accepted orders for a $282M revolving credit facility with a five-year term, an increase of $32M from the transaction previously announced. In addition to repaying the existing $679M balance on its term loan, RadNet ( RDNT ) expects to use the proceeds from the refinancing transaction to pay fees and expenses of the transaction and to fund an additional ~$180M of cash to its balance sheet for growth opportunities and general corporate purposes. Closing and funding of the refinancing transaction is expected to occur in April 2024. Recommended For You More Trending News Recommended For You More Trending News About RDNT Stock Related Stocks Trending Analysis Trending News Show less Read more
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