Boston, MA 03\/11\/2014 (wallstreetpr) – The option for cheaper finance is luring RadNet Inc. (NASDAQ:RDNT)<\/b> to refinance its costly $200 million worth Senior notes due in 2018. The company is looking at various options. It is also expanding into 3D mammography as this offers several benefits over the currently used 2D mammograms.<\/p>\n
The Refinance Options:<\/b><\/p>\n
RadNet Inc. (NASDAQ:RDNT) joins a growing list of companies that are replacing their higher cost debt with cheaper ones. This has become possible on account of the lower rates of interest prevailing in the financial markets. Such decisions have long tem impact on the profitability as such debts are generally medium to long term.<\/p>\n
In pursuit of this, RadNet has commenced a tender offer to purchase 10 3\/8% senior secured notes worth $200 million in aggregate principal amount due in 2018. The company has offered $1,056.88 for each $1,000 including a consent payment of $30 per Note. The offer is valid till March 20, 2014. Any consent tendered after this date and till April 3, 2014 will be paid without the consent payment of $30. In both the cases, apart from this amount, the company shall also pay the accrued and unpaid interest due till applicable settlement date. It will finance the transaction through a Second Lien Term loan as well as with additional borrowings.<\/p>\n
3D Mammograms:<\/b><\/p>\n
RadNet Inc. (NASDAQ:RDNT) is also expanding its offering for 3D mammograms though insurance does not cover these currently. 3D mammograms have several advantages over the currently available 2D mammograms as they allow for reduced radiation exposure and faster scan times. Such mammograms also improve the ability to detect cancers particularly in women who have dense breast tissue. It also reduces the chances of false positive findings, reducing the cost of additional tests and anxiety associated with the false results. Even small tumors can be detected through this technology. The machine takes 60 thin section images which can be viewed on a high resolution computer monitor. A software can convert these images into standard 2D images in case print outs are required.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 03\/11\/2014 (wallstreetpr) – The option for cheaper finance is luring RadNet Inc. (NASDAQ:RDNT) to refinance its costly $200 million worth Senior notes due […]<\/p>\n","protected":false},"author":32,"featured_media":17029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[5066,5065],"stock_ticker":[],"class_list":["post-17025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nasdaqrdnt","tag-radnet-inc-nasdaqrdnt","entry"],"acf":[],"yoast_head":"\n