Radiology Partners (RP), the leading radiology practice in the U.S. through its owned and affiliated practices, announces it has completed a series of previously announced financing transactions. As a part of these actions, RP closed a growth equity investment of approximately $720 million, completed an exchange offer with respect to its existing notes and finalized an amendment to its outstanding credit facilities. With the completion of the transactions, the practice: raised approximately $720 million in new equity financing from existing and new investors; meaningfully reduced its debt and successfully extended outstanding debt maturities with new maturity dates ranging from 2028 to 2030; and will retain more than $500 million of cash and liquidity to fund continued growth and investment in innovation.
Read the full article: Radiology Partners Closes $720M Growth Equity Investment and Completes Previously Announced Debt Refinancing Transactions //
Source: https://www.businesswire.com/news/home/20240222956024/en/Radiology-Partners-Closes-720-Million-Growth-Equity-Investment-and-Completes-Previously-Announced-Debt-Refinancing-Transactions