RadNet, Inc. Enters New Material Definitive Agreement

TL;DR

RadNet just signed a big new deal, expect financial moves.

AI Summary

On November 26, 2024, RadNet, Inc. entered into a material definitive agreement related to a financial obligation. The filing does not specify the exact nature of the agreement or the dollar amounts involved, but it indicates a new financial commitment for the company.

Why It Matters

This filing signals a new financial obligation for RadNet, Inc., which could impact its future financial health and operational capacity.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a new financial obligation, which inherently carries financial risk for the company.

Key Players & Entities

• RadNet, Inc. (company) — Registrant
• November 26, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.0001 — nge on which registered Common Stock, $0.0001 par value RDNT NASDAQ Indicate by c
• $872,812,500 — he First Amendment, the Borrower issued $872,812,500 of term loans to refinance the outstand

Filing Documents

• radnet_8k.htm (8-K) — 34KB
• radnet_ex1001.htm (EX-10.1) — 1459KB
• radnet_ex9901.htm (EX-99.1) — 11KB
• image_001.jpg (GRAPHIC) — 5KB
• image_002.jpg (GRAPHIC) — 1KB
• image_003.jpg (GRAPHIC) — 1KB
• 0001683168-24-008404.txt ( ) — 1983KB
• rdnt-20241126.xsd (EX-101.SCH) — 3KB
• rdnt-20241126_lab.xml (EX-101.LAB) — 33KB
• rdnt-20241126_pre.xml (EX-101.PRE) — 22KB
• radnet_8k_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On November 26, 2024, RadNet, Inc. (the "Company") and the Company's wholly-owned subsidiary, RadNet Management, Inc. (the "Borrower"), entered into Amendment No. 1 to Credit and Guaranty Agreement (the "First Amendment") with the lenders and financial institutions named therein, Barclays Bank PLC, as administrative agent and collateral agent on behalf of the lenders, and substantially all of the Company's wholly-owned domestic subsidiaries and certain of its affiliates as guarantors. The First Amendment amends the Third Amended and Restated First Lien Credit and Guaranty Agreement dated as of April 18, 2024 (the "Restated Credit Agreement") and contains the following material terms: Borrowing . Pursuant to the First Amendment, the Borrower issued $872,812,500 of term loans to refinance the outstanding term loans under the Restated Credit Agreement. Interest Rates . Pursuant to the First Amendment, the interest rates on the term loans and revolving credit facility provided under the Restated Credit Agreement have been reduced by 0.25%. As amended, the interest rate on the term loans is, at RadNet's election, either: Term SOFR plus 2.25%, or the alternate base rate plus 1.25%. The interest rate on the revolving credit facility provided under the Restated Credit Agreement, as amended, is initially, at RadNet's election, either: Term SOFR plus 2.75%, or the alternate base rate plus 1.75% (with step-ups and step-downs based on the Company's first lien net leverage ratio). All other terms of the Restated Credit Agreement, including the maturity of the term loan and revolving credit facility, payment terms, covenants, events of default and security remain unchanged. In connection with the First Amendment, the Company provided call protection to the lenders for a period of six months from the First Amendment. A copy of the First Amendment is included as Exhibit 10.1 to this report and is incorporated herein by th

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Amendment No. 1 to Credit and Guaranty Agreement, dated as of November 26, 2024, by and among Radnet Management, Inc., a California corporation, RadNet, Inc., a Delaware corporation, certain subsidiaries and affiliates of Radnet Management, Inc., as Guarantors, the Lenders and other financial institutions from time to time party thereto, and Barclays Bank PLC, as Administrative Agent and Collateral Agent. 99.1 Press Release dated November 22, 2024. 104 Cover Page Interactive Data File (embedded within the inline XBRL document) 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 26, 2024 RADNET, INC. By: /s/ Mark Stolper Mark Stolper Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR