RadNet Inc. (NASDAQ: RDNT) obtained a $250 million incremental term loan through an amendment to its existing credit agreement, the company announced. The diagnostic imaging services provider also reduced interest rates on its credit facilities by 0.25%.

The new term loan matures on April 18, 2031, matching the maturity date of RadNet's existing $958.7 million term loan balance. Quarterly principal payments will increase to approximately $3.1 million from $2.4 million previously.

RadNet plans to use the proceeds for acquisitions, organic expansion initiatives, health system partnerships and general corporate purposes. The company's interest rate on the combined term loan decreased to Term SOFR plus 2.00% or the alternate base rate plus 1.00%. The interest rate on its $282 million revolving credit facility, currently undrawn, also fell by 0.25%.

"This amendment provides us with additional flexibility to pursue strategic growth opportunities across RadNet's national imaging center network and technology platforms, while reducing the interest rate on our credit facilities," said Mark Stolper, executive vice president and chief financial officer.

The proceeds add to RadNet's $455 million cash balance as of March 31, 2026. The company provided six-month call protection to term loan lenders participating in the repricing.

RadNet operates outpatient imaging centers across 11 states and provides radiology technology solutions under its DeepHealth brand. The company employs over 11,000 team members including contracted radiologists and technologists.