RDNT RadNet Inc

Item 1.01. Entry into a Material Definitive Agreement.

Amendments to First Lien Credit and Guaranty Agreement

On April 18, 2019 (the “ Amendment Date ”), RadNet Management, Inc. (the “ Borrower ”), a wholly-owned subsidiary of RadNet, Inc. (the “ Company ”), entered into that certain (i) Amendment No. 6, Consent and Incremental Joinder Agreement to Credit and Guaranty Agreement by and among Borrower, the Company, certain subsidiaries and affiliates of the Company, Barclays Bank PLC, as administrative agent and collateral agent (“ Barclays ”), and the lenders party thereto (the “ Sixth Amendment ”), and (ii) Amendment No. 7 to Credit and Guaranty Agreement by and among Borrower, the Company, certain subsidiaries and affiliates of the Company, Barclays and the lenders party thereto (the “ Seventh Amendment ” and together with the Sixth Amendment, the “ Amendments ”), pursuant to each of which the Borrower is amending Borrower’s Amended and Restated First Lien Credit and Guaranty Agreement, dated as of July 1, 2016 (as amended, restated, amended and restated, supplemented or modified from time to time prior to the Amendment Date, the “ Existing First Lien Credit Agreement ”, and as amended pursuant to the Amendments, the “ Amended First Lien Credit Agreement ”).

The Sixth Amendment amends the Existing First Lien Credit Agreement to issue $100 million in incremental first lien term loans and to add an additional $20 million of revolving commitments. Under the Amended First Lien Credit Agreement, the Company now has approximately $679 million in first lien term loans outstanding and capacity to borrow up to $137.5 million under its revolving credit facility (the “ Revolving Credit Facility ”). The proceeds of the incremental first lien term loans have been used to repay revolving loans outstanding under the Revolving Credit Facility and the fees, costs and expenses associated with the Amendments.

The Seventh Amendment amends the Existing First Lien Credit Agreement to extend the maturity date of the Revolving Credit Facility by an additional two years to July 1, 2023, unless sooner terminated in accordance with the terms of the Existing First Lien Credit Agreement.

The Amended First Lien Credit Agreement provides for quarterly payments of principal under the first lien term loans in the amount of approximately $9.7 million, as compared to approximately $8.3 million under the Existing First Lien Credit Agreement. The Amended First Lien Credit Agreement extends the call protection provided to the holders of the first lien term loans issued thereunder for a period of six months following the Amendment Date.

The Amendments also amend certain covenants and definitions under the Existing First Lien Credit Agreement to provide the Company additional financial and operating flexibility as more fully set forth in the Amendments.

A copy of the Sixth Amendment is attached hereto as Exhibit 10.1 and is incorporated herein by this reference, and a copy of the Seventh Amendment is attached hereto as Exhibit 10.2 and is incorporated herein by this reference. The foregoing descriptions of the Amendments and the Amended First Lien Credit Agreement do not purport to be complete and are qualified in their entirety by reference to Exhibits 10.1 and 10.2.