CREDIT FACILITY AND NOTES PAYABLE (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

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

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

	September 30, 2020		December 31, 2019
First Lien Term Loans collateralized by RadNet's tangible and intangible assets	$	620,727	$	649,824
Discounts on First Lien Term Loans	(10,669)		(13,579)
SunTrust Term Loan Agreement collateralized by NJIN's tangible and intangible assets	52,500		55,875
Paycheck Protection Program loans at 1% due April 2022	4,037		—
Equipment note payable at 4.6%, due through 2020, collateralized by medical equipment	47		275
Total debt obligations	666,642		692,395
Less: current portion	(39,463)		(39,691)
Long term portion debt obligations	$	627,179	$	652,704

Schedule of first lien credit agreement

Included in our condensed consolidated balance sheets at September 30, 2020 are $620.7 million of First Lien Term Loans and $52.5 million of SunTrust Term Loan debt for a combined total of $673.2 million of total term loan debt (exclusive of unamortized discounts of $10.7 million) in thousands:

	Face Value		Discount		Total Carrying Value
First Lien Term Loans	$	620,727	$	(10,669)	$	610,058
SunTrust Term Loan	52,500		—		52,500
Total Term Loans	$	673,227	$	(10,669)	$	662,558

Schedule of leverage ratio

Our First Lien Term Loans bear interest at either an Adjusted Eurodollar Rate or a Base Rate, plus an applicable margin 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%

Our SunTrust Term Loan bears interest at either an Adjusted Eurodollar Rate or a Base Rate, plus an applicable margin according to the following schedule:

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