CREDIT FACILITY AND NOTES PAYABLE (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

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

As of March 31, 2021 and December 31, 2020 our debt obligations consisted of the following (in thousands):

	March 31, 2021		December 31, 2020
First Lien Term Loans collateralized by RadNet's tangible and intangible assets	$	601,330	$	611,028
Discounts on First Lien Term Loans	(8,730)		(9,699)
SunTrust Term Loan Agreement collateralized by NJIN's tangible and intangible assets	50,250		51,375
Total debt obligations	642,850		652,704
Less: current portion	(40,166)		(39,791)
Long term portion debt obligations	$	602,684	$	612,913

Schedule of first lien credit agreement

Included in our condensed consolidated balance sheets at March 31, 2021 are $601.3 million of First Lien Term Loans and $50.3 million of SunTrust Term Loan debt for a combined total of $651.6 million of total term loan debt (exclusive of unamortized discounts of $8.7 million) in thousands:

	Face Value		Discount		Total Carrying Value
First Lien Term Loans	$	601,330	$	(8,730)	$	592,600
SunTrust Term Loan	50,250		—		50,250
Total Term Loans	$	651,580	$	(8,730)	$	642,850

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%

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