Imaging center operator RadNet Inc. has scored a $100 million term loan, which it will use to fund future acquisitions and other “corporate initiatives.” The Los Angeles-based radiology services provider announced the achievement Wednesday, with Barclays Bank PLC the lender. RadNet’s new term loan is slated to mature on April 18, 2031, coinciding with the $868.4 million balance on its existing credit line. The nine-figure sum is in addition to its current cash balance of $717 million as of March 31. Leaders said these funds position RadNet to “advance our growth strategy and create long-term value for our stockholders.”
Read the full article: RadNet Scores $100M Loan to Fuel Future Acquisitions //
Source: https://radiologybusiness.com/topics/healthcare-management/mergers-and-acquisitions/radnet-scores-100m-loan-fuel-future-acquisitions