The medical imaging provider aims to fund expansion plans with a new $200 million incremental loan tied to its existing credit facility.
RadNet Inc. announced plans to raise $200 million through an incremental term loan amendment to its first-lien credit agreement. The funds will support the company’s growth initiatives, adding to its current term loan balance.
The proposed loan aligns with RadNet’s strategy to expand its diagnostic imaging services. The company’s existing credit facility provides the framework for the additional borrowing, though terms of the new loan were not disclosed.
Shares of RadNet (NASDAQ: RDNT) showed limited movement following the announcement, reflecting investor focus on execution of the growth strategy.