RadNet seeks $200 million term loan for strategic growth initiatives

RadNet Inc. (NASDAQ: RDNT) announced it is seeking to secure a $200 million incremental term loan through a proposed amendment to its existing credit agreement, according to a company statement.

The proposed term loan would be added to RadNet's existing term loan facility and would mature on April 18, 2031, coinciding with the maturity date of the current term loan under the existing credit agreement.

The Los Angeles-based diagnostic imaging services provider plans to use the loan proceeds to finance future acquisitions, organic expansion initiatives, health system partnerships and general corporate purposes. The funding would provide additional flexibility for strategic growth opportunities across RadNet's imaging center network and technology platforms.

"We are seeking to opportunistically and proactively raise additional funds to support the future growth of our business," said Mark Stolper, executive vice president and chief financial officer of RadNet. Stolper indicated the company expects to complete the loan transaction toward the middle of June, subject to customary market and other conditions.

RadNet operates a network of outpatient imaging centers across Arizona, California, Delaware, Florida, Idaho, Indiana, Maryland, New Jersey, New York, Texas and Virginia. The company also provides radiology information technology and artificial intelligence solutions through its DeepHealth brand, along with teleradiology services.

The company employs over 11,000 team members, including contracted radiologists, full-time and per diem employees and technologists.

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