RadNet Secures $250M Term Loan, Cuts Credit Rates by 25bps
RDNT•RadNet secured a $250 million incremental term loan maturing April 18, 2031, raising quarterly principal payments to $3.1 million. The amendment slashes term loan interest by 25 basis points to SOFR+2% or base rate+1% and reduces revolving facility rates by 0.25%.
1. Incremental Term Loan Details
RadNet executed an Incremental Amendment to its First Lien Credit Agreement, obtaining a $250 million term loan added to its existing $958.7 million balance. The combined term loan matures April 18, 2031, with quarterly principal payments rising from approximately $2.4 million to $3.1 million.
2. Interest Rate Reductions
The Third Amendment reduces the interest rate on the term loan by 25 basis points, allowing RadNet to choose between Term SOFR plus 2.00% or an alternate base rate plus 1.00%. Additionally, the undrawn $282 million revolving credit facility rate is cut by 0.25%.
3. Use of Proceeds and Strategic Impact
Proceeds from the incremental term loan will fund acquisitions, organic expansion and health system partnerships. Combined with a $455 million cash balance as of March 31, 2026, RadNet now holds over $705 million in liquidity to advance its national imaging center network and digital health platforms.
