GE Healthcare arranges $110M loan for RadNet
GE Healthcare Financial Services has arranged for RadNet, a provider of image services, to add an incremental facility to its existing credit facilities of up to $110 million.
The incremental facility will consist of $60 million as part of its second lien term loan and $50 million, which will be available for RadNet to draw-down in the future, of either additional term loans or additional capacity under its current revolving line of credit, according the Los Angeles-based RadNet.
The company said the additions to its existing credit facilities are intended to provide liquidity and working capital for near-term opportunities and future expansion.
The incremental facility will consist of $60 million as part of its second lien term loan and $50 million, which will be available for RadNet to draw-down in the future, of either additional term loans or additional capacity under its current revolving line of credit, according the Los Angeles-based RadNet.
The company said the additions to its existing credit facilities are intended to provide liquidity and working capital for near-term opportunities and future expansion.