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CREDIT FACILITIES AND NOTES PAYABLE (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Revolving Credit Facility, Notes Payable, and Capital Lease Obligations
As of December 31, 2021 and December 31, 2020 our debt obligations consisted of the following (in thousands):
 
December 31, 2021December 31, 2020
First Lien Term Loans collateralized by RadNet's tangible and intangible assets$721,375 $611,028 
Discount on First Lien Term Loans(13,213)(9,699)
SunTrust Term Loan Agreement collateralized by NJIN's tangible and intangible assets46,500 51,375 
Total debt obligations754,662 652,704 
Less current portion(11,164)(39,791)
Long-term portion debt obligations$743,498 $612,913 
Schedule of Annual Principal Maturities of Notes Payable The following is a listing of annual principal maturities of notes payable exclusive of all related discounts and repayments on our revolving credit facilities for years ending December 31 (in thousands):
2022$13,250 
202347,750 
20247,250 
20257,250 
20267,250 
Thereafter685,125 
Total notes payable obligations$767,875 
Schedule of Leverage Ratio Our SunTrust Term Loan bears interest at either an Adjusted LIBOR or a Base Rate (each as defined in the SunTrust Credit Agreement), plus an applicable margin according to the following schedule:
Pricing LevelLeverage RatioApplicable Margin for Eurodollar LoansApplicable Margin for Base Rate LoansApplicable Margin for Letter of Credit FeesApplicable 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
Revolving loans borrowed under the Barclays Revolving Credit Facility bear interest at either a Eurodollar Rate or an Alternate Base Rate (in each case, as defined in the Restated Credit Agreement) plus an applicable margin which adjusts depending on our first lien net leverage ratio, according to the following schedule:

First Lien Leverage RatioEurodollar Rate SpreadBase Rate Spread
> 3.50x
3.25%
2.25%
> 3.00x but ≤ 3.50x
3.00%
2.00%
≤ 3.00x
2.75%
1.75%