Outpatient imaging center firm RadNet of Los Angeles has signed an agreement with GE Healthcare Financial Services (GEHFS) for a $445 million senior secured credit facility to refinance all of RadNet’s existing debt and provide working capital for future purchases.
The deal includes a $45 million revolving line of credit, as well as a $400 million term loan, and will result in annual interest cost savings of about $5.4 million, according to RadNet. The financing is expected to be concluded in August 2007.
By AuntMinnie.com staff writers
July 5, 2007
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