Imaging services provider RadNet priced an underwritten public offering of 7,575,000 shares at $29.75 each. The gross proceeds to RadNet from the offering before expenses are expected to be approximately $225 million. In addition, RadNet has granted the underwriters a 30-day option to purchase up to an additional 1,136,250 shares of common stock at the public offering price.
The offering is expected to close June 16.
RadNet intends to use the net proceeds from the offering to pay down $100 million of its first lien term loans and for working capital and general corporate purposes. Read more.
