RadNet Announced A Proposed Refinancing Transaction For Its Existing Term Loan And Revolving Credit Facility
Portfolio Pulse from Benzinga Newsdesk
RadNet announced its intention to refinance its existing $679 million term loan and undrawn $195 million revolving credit facility with a new $840 million term loan and $250 million revolving credit facility. The refinancing aims to repay the existing loan, cover transaction fees, and add approximately $148 million in cash to its balance sheet for growth and general corporate purposes.
April 03, 2024 | 10:04 am
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RadNet aims to refinance its debt, enhancing its financial flexibility and supporting growth with additional cash.
Refinancing could lower RadNet's interest expenses and extend the maturity of its debt, improving its liquidity and financial stability. The additional cash for growth and general corporate purposes could positively impact its operational capabilities and future profitability, making this news potentially positive for investors.
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