CREDIT FACILITIES AND NOTES PAYABLE (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Term Loan Debt Obligations

As of June 30, 2023 and December 31, 2022 our term loan debt and other obligations are as follows (in thousands):

	June 30, 2023		December 31, 2022
First Lien Term Loans collateralized by RadNet's tangible and intangible assets	$	710,500	$	714,125
Discount on First Lien Term Loans	(10,084)		(11,127)
Term Loan Agreement collateralized by NJIN's tangible and intangible assets	146,250		150,000
Discount on NJIN Term Loan Agreement	(1,122)		(1,254)
Equipment notes payable at 6.0%, due 2028, collateralized by medical equipment	18,778		—
Total debt obligations	864,322		851,744
Less: current portion	(15,989)		(12,400)
Long term portion debt obligations	$	848,333	$	839,344

Schedule of Leverage Ratio

All obligations under the Second Amended and Restated Credit and Term Loan Agreement bear interest at either a SOFR or a Base Rate (each as defined in the Restated Credit and Term Loan Agreement), plus an applicable margin according to the following schedule:

Pricing Level	Leverage Ratio	Applicable Margin for SOFR 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	2.50% per annum	1.50% per annum	2.50% 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 SOFR 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 Net Leverage Ratio	Term SOFR Loans	Alternate Base Rate Spread
> 3.50x	3.25%	2.25%
> 3.00x but ≤ 3.50x	3.00%	2.00%
≤ 3.00x	2.75%	1.75%