RadNet Increases Size of Existing Credit Facility by $35 Million

NEW YORK (AP) -- RadNet Inc., which operates medical imaging centers, increased the size of its credit facility by $35 million, according to a regulatory filing Monday with the Securities and Exchange Commission.

RadNet increased an outstanding first lien term loan by $25 million to total $250 million. The company also added $10 million in capacity to its revolving line of credit to total $55 million.

RadNet said the increased funding will be used to fund strategic initiatives and for general corporate purposes.

The credit facility, which was amended Thursday, was arranged through GE Healthcare Financial Services. GE Healthcare is part of industrial and engineering conglomerate General Electric Co.