-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FqrrsGRR1OrHuigm1lKtvGL4QVrSwG2DMDhrthgk4WFj+HdWvcjugksZa4LoBCEx NImmL8s4AakSCH6Qrtk+yQ== 0001019687-07-001998.txt : 20070705 0001019687-07-001998.hdr.sgml : 20070704 20070705112127 ACCESSION NUMBER: 0001019687-07-001998 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070705 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070705 DATE AS OF CHANGE: 20070705 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RadNet, Inc. CENTRAL INDEX KEY: 0000790526 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MEDICAL LABORATORIES [8071] IRS NUMBER: 133326724 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33307 FILM NUMBER: 07963600 BUSINESS ADDRESS: STREET 1: 1516 COTNER AVE CITY: LOS ANGELES STATE: CA ZIP: 90025 BUSINESS PHONE: 3104787808 MAIL ADDRESS: STREET 1: 1516 COTNER AVE CITY: LOS ANGELES STATE: CA ZIP: 90025 FORMER COMPANY: FORMER CONFORMED NAME: PRIMEDEX HEALTH SYSTEMS INC DATE OF NAME CHANGE: 19930518 FORMER COMPANY: FORMER CONFORMED NAME: CCC FRANCHISING CORP DATE OF NAME CHANGE: 19920703 8-K 1 radnet_8k-070307.txt ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 -------------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: July 5, 2007 (Date of Earliest Event Reported: July 5, 2007) -------------------- RADNET, Inc. (Exact name of registrant as specified in its Charter) New York 0-19019 13-3326724 (State or Other Jurisdiction (Commission File Number) (IRS Employer of Incorporation) Identification No.) 1510 Cotner Avenue Los Angeles, California 90025 (Address of Principal Executive Offices) (Zip Code) (310) 478-7808 (Registrant's Telephone Number, Including Area Code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b) ) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c) ) ================================================================================ Section 7.01 Regulation FD Disclosure. On July 5, 2007, Registrant issued a press release announcing the intended refinancing of substantially all of its outstanding debt. The press release is attached as Exhibit 99.1 to this report and is incorporated herein by this reference. Section 9.01 Financial Statements and Exhibits. (c) Exhibits Exhibit Number Description -------------- ----------- 99.1 Press release dated July 5, 2007. The information in this Current Report on Form 8-K, including the exhibits thereto, will not be treated as filed for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. This information will not be incorporated by reference into a filing under the Securities Act of 1933, or into another filing under the Securities Exchange Act of 1934, unless that filing expressly refers to specific information in this report. 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: July 5, 2007 RADNET, INC. By: /s/ Howard G. Berger, M.D. --------------------------- Howard G. Berger, M.D. President EXHIBIT INDEX Exhibit Number Description -------------- ----------- 99.1 Press release dated July 5, 2007. EX-99.1 2 radnet_8k-ex9901.txt PRESS RELEASE DATED July 5, 2007 EXHIBIT 99.1 [RADNET LOGO] FOR IMMEDIATE RELEASE RADNET ANNOUNCES INTENT TO REFINANCE OUTSTANDING DEBT Los Angeles, California, July 5, 2007. RadNet, Inc. ("RadNet") (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of fully-owned and operated outpatient imaging centers, announced that GE Healthcare Financial Services ("GE HFS") has agreed to arrange for RadNet a $445 million senior secured credit facility. The credit facility includes a $45 million revolving line of credit, which is expected to be largely unfunded at the closing of the refinancing, and a $400 million term loan. The credit facility is intended to refinance substantially all of RadNet's existing indebtedness and will provide liquidity and working capital for future expansion. Mark Stolper, RadNet's Chief Financial Officer, stated that the refinancing is expected to result in annual interest cost savings of approximately $5.4 million. The financing is intended to be concluded in August 2007. About RadNet, Inc. RadNet, Inc. is a national market leader providing high-quality, cost-effective diagnostic imaging services through a network of 132 fully-owned and operated outpatient imaging centers. RadNet's core markets include California, Maryland and New York. At December 31, 2006, together with Beverly Radiology Medical Group, and inclusive of full-time and per diem employees, technicians and radiologists, RadNet had a total of 3,937 employees. For more information, visit http://www.radnet.com. About GE Healthcare Financial Services GE Healthcare Financial Services is a provider of capital, financial solutions, and related services for the global healthcare market. With over $16 billion of capital committed to the healthcare industry, GE Healthcare Financial Services offers a full range of capabilities from equipment financing and real estate financing to working capital lending, vendor programs, and practice acquisition financing. With its knowledge of all aspects of healthcare from hospitals and long-term care facilities to physicians' practices and life sciences, GE Healthcare Financial Services works with customers to create tailored financial solutions that help them improve their productivity and profitability. For more information, visit http://www.gehealthcarefinance.com. Forward Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, statements concerning the successful conclusion of the proposed financing, RadNet's statements regarding cost savings with respect to the financing, are forward-looking statements within the meaning of the Safe Harbor. Forward-looking statements are based on management's current, preliminary expectations and are subject to risk and uncertainties, which may cause RadNet's actual results to differ materially from the statements contained herein. Further information on potential risk factors that could affect RadNet's business and its financial results are detailed in its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, especially guidance on future financial performance, which speaks only as of the date they are made. RadNet undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events. CONTACTS: RadNet, Inc. Mark Stolper, 310-445-2800 Chief Financial Officer ms@radnet.com Integrated Corporate Relations, Inc. John Mills, 310-954-1105 jmills@icrinc.com -----END PRIVACY-ENHANCED MESSAGE-----