SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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|Item 1.01||Entry into a Material Definitive Agreement.|
Amendment to First Lien Credit and Guaranty Agreement
On August 28, 2020, RadNet, Inc. entered into Amendment No. 8, Consent and Incremental Joinder Agreement to Credit and Guaranty Agreement by and among RadNet, Inc., Radnet Management, Inc., as borrower, and certain subsidiaries and affiliates of RadNet, Inc., as guarantors, Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto (the “Amendment”), which further amended the Amended and Restated First Lien Credit and Guaranty Agreement, dated as of July 1, 2016 (as amended, the “First Lien Credit Agreement”).
The Amendment amends the First Lien Credit Agreement to add $57.5 million of revolving commitments to the revolving credit facility extending the maximum borrowing capacity under the revolving credit facility to $195.0 million.
A copy of the Amendment is attached hereto as Exhibit 10.1 and is incorporated herein by this reference. A copy of the press release announcing the Amendment is attached hereto as Exhibit 99.1 and is incorporated herein by this reference. The foregoing descriptions of the Amendment do not purport to be complete and are qualified in their entirety by reference to Exhibits 10.1 and 99.1.
|Item 2.03||Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.|
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.
|Item 9.01||Financial Statements and Exhibits.|
|Amendment No. 8, Consent and Incremental Joinder Agreement to Credit and Guaranty Agreement dated as of August 28, 2020 by and among RadNet Management, Inc., RadNet, Inc., certain subsidiaries and affiliates of RadNet, Inc., as guarantors, the lenders party thereto from time to time, and Barclays Bank PLC, as administrative agent and collateral agent.|
|99.1||Press release, dated August 31, 2020, issued by RadNet, Inc.|
Cover Page Interactive Data File (embedded within the Inline XBRL document).
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: September 1, 2020||RadNet, Inc.|
|By:||/s/ Mark Stolper|
|Title:||Executive Vice President and|
Chief Financial Officer