RadNet, Inc. 8-K

What Happened RadNet, Inc. (through its subsidiary Radnet Management, Inc.) announced on June 10, 2026 that it entered into Incremental Amendment No. 3 to its First Lien Credit and Guaranty Agreement with lenders (Barclays Bank PLC as administrative and collateral agent). The amendment adds a $250.0 million incremental term loan to the existing term loan facility, keeps the maturity aligned with the existing term loan (April 18, 2031), and includes a modest reduction in interest margins.

Key Details

• Incremental Term Loan: $250.0 million added to the Existing Term Loan (now part of the Term Loan).
• Existing balances: $958.7 million balance on the existing term loan; $282 million revolving facility remains undrawn.
• Maturity: April 18, 2031 (same as existing term loan).
• Payments & rates: Quarterly principal payments rise to ~ $3.1 million (from ~ $2.4 million); interest margins reduced by 0.25% to (at RadNet’s election) Term SOFR + 2.00% or Alternate Base Rate + 1.00%; revolver rate also reduced by 0.25%.
• Use of proceeds: future acquisitions, organic expansion, health system partnerships and general corporate purposes.
• Other terms: six-month call protection on the new incremental term loans; covenants, security, events of default and maturity provisions otherwise remain unchanged.

Why It Matters The amendment creates a new direct financial obligation ($250M incremental term loan) and increases RadNet’s funded debt while preserving the facility maturity through April 2031. The slightly lower interest margin is favorable for financing cost, but quarterly principal repayments will increase, which affects near-term cash flow needs. Management intends to deploy the proceeds for growth (acquisitions and expansion), so investors should watch how the company uses the capital and whether growth initiatives improve revenue and margins relative to the higher debt service. A press release describing the amendment was also issued and is included with the filing.