Radiation firm to sell bonds

FORT MYERS — Radiation Therapy Services plans to sell $335 million in corporate bonds to refinance a portion of its debt and to use for strategic growth.

The Fort Myers-based operator of radiation treatment centers for cancer patients says the exact terms and timing of the issuance will depend on market conditions.

In addition, Radiation Therapy Services plans to enter into a lending agreement so it can borrow an additional $150 million. Terms of that agreement were not disclosed.

Privately held Radiation Therapy Services operates 127 treatment centers, including 96 in 16 U.S. states clustered in 28 markets. The company also operates 30 centers in Latin America and the Caribbean, plus one in India.