I-Med to refinance $249.9m of debt

The medical imaging company says a group of banks will refinance debt that is held by its private equity owners.

I-MED Network Radiology Ltd, Australia’s largest private medical imaging company with 220 doctors, will on Monday refinance $249.9 million of senior debt that currently sits with its private equity owners to a group of banks.

Australia and New Zealand Banking Group Ltd, Commonwealth Bank of Australia Ltd and Morgan Stanley are the lead arrangers and underwriters of the refinance. Each bank has received credit approvals to underwrite $83.3 million of I-Med’s debt.

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