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CREDIT FACILITIES AND NOTES PAYABLE (Tables)
 9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Term Loan Debt Obligations
As of September 30, 2023 and December 31, 2022 our term loan debt and other obligations are as follows (in thousands):
September 30,
2023		December 31,
2022
First Lien Term Loans collateralized by RadNet's tangible and intangible assets$708,688 $714,125 
Discount on First Lien Term Loans(9,563)(11,127)
Truist Term Loan Agreement collateralized by NJIN's tangible and intangible assets144,375 150,000 
Discount on Truist Term Loan Agreement(1,056)(1,524)
Equipment notes payable at 6.0%, due 2028, collateralized by medical equipment
17,901 — 
Total debt obligations860,345 851,474 
Less: current portion(16,043)(12,400)
Long term portion debt obligations$844,302 $839,074 
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 LevelLeverage RatioApplicable Margin for SOFR 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
2.50%
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 RatioTerm SOFR LoansAlternate Base Rate Spread
> 3.50x
3.25%2.25%
> 3.00x but ≤ 3.50x
3.00%2.00%
≤ 3.00x
2.75%1.75%