CREDIT FACILITY AND NOTES PAYABLE (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of notes payable, line of credit and capital lease obligations

As of June 30, 2020 and December 31, 2019 our debt obligations consisted of the following (in thousands):

	June 30, 2020			December 31, 2019
First Lien Term Loans collateralized by RadNet's tangible and intangible assets	$	630,426		$	649,824
Discounts on First Lien Term Loans	(11,639		)	(13,579		)
Term Loan Agreement collateralized by NJIN's tangible and intangible assets	53,625			55,875
Paycheck Protection Program loans at 1% due April 2022	4,023			—
Equipment notes payable at interest rates ranging from 4.4% to 4.6%, due through 2020, collateralized by medical equipment	120			275
Total debt obligations	676,555			692,395
Less: current portion	(41,715		)	(39,691		)
Long term portion debt obligations	$	634,840		$	652,704

Schedule of first lien credit agreement

Included in our condensed consolidated balance sheets at June 30, 2020 are $630.4 million of First Lien Term Loans and $53.6 million of SunTrust Term Loan debt for a combined total of $684.1 million of total term loan debt (exclusive of unamortized discounts of $11.6 million) in thousands:

	Face Value		Discount			Total Carrying Value
First Lien Term Loans	$	630,426	$	(11,639	)	$	618,787
SunTrust Term Loan	53,625		—			53,625
Total Term Loans	$	684,051	$	(11,639	)	$	672,412

Schedule of leverage ratio

Interest rates and fees of the applicable margin for borrowing under the SunTrust Restated Credit Agreement adjust depending on our leverage ratio, according to the following table:

Pricing Level	Leverage Ratio	Applicable Margin for Eurodollar Loans	Applicable Margin for Base Rate Loans	Applicable Margin for Letter of Credit Fees	Applicable Percentage for Commitment Fee
I	Greater than or equal to 3.00:1.00	2.75% per annum	1.75% per annum	2.75% per annum	0.45% per annum
II	Less than 3.00:1.00 but greater than or equal to 2.50:1.00	2.25% per annum	1.25% per annum	2.25% per annum	0.40% per annum
III	Less than 2.50:1.00 but greater than or equal to 2.00:1.00	2.00% per annum	1.00% per annum	2.00% per annum	0.35% per annum
IV	Less than 2.00:1.00 but greater than or equal to 1.50:1.00	1.75% per annum	0.75% per annum	1.75% per annum	0.30% per annum
V	Less than 1.50:1.00	1.50% per annum	0.50% per annum	1.50% per annum	0.30% per annum

First Lien Term Loans bear interest at either an Adjusted Eurodollar Rate or a Base Rate plus an applicable margin. Rates of the applicable margin for borrowing under the First Lien Credit Agreement will alter depending on our leverage ratio, according to the following schedule:

First Lien Leverage Ratio	Eurodollar Rate Spread	Base Rate Spread
> 5.50x	4.50%	3.50%
> 4.00x but ≤ 5.50x	3.75%	2.75%
>3.50x but ≤ 4.00x	3.50%	2.50%
≤ 3.50x	3.25%	2.25%