CREDIT FACILITIES AND NOTES PAYABLE (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Revolving Credit Facility, Notes Payable, and Capital Lease Obligations

As of December 31, 2023 and December 31, 2022 our term loan debt and other obligations consisted of the following (in thousands):

	December 31, 2023		December 31, 2022
Barclays Term Loans collateralized by RadNet's tangible and intangible assets	$	678,687	$	714,125
Discount on Barclays Term Loans	(9,041)		(11,127)
Truist Term Loan collateralized by NJIN's tangible and intangible assets	144,375		150,000
Discount on Truist Term Loan	(990)		(1,254)
Equipment notes payable at 6.0%, due 2028, collateralized by medical equipment	17,011		—
Total debt obligations	830,042		851,744
Less current portion	(17,974)		(12,400)
Long-term portion of debt obligations	$	812,068	$	839,344

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)

2024	$	20,324
2025	22,431
2026	22,676
2027	124,188
2028	650,454
Total notes payable obligations	$	840,073

Schedule of Leverage Ratio

All obligations under the Truist Restated Credit Agreement bear interest at either a SOFR or a Base Rate (each as defined in the Truist Restated Credit 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 Barclays Restated Credit Agreement) plus an applicable margin which adjusts depending on our net leverage ratio, according to the following schedule:

Net Leverage Ratio	Term SOFR Loans	Alternative Base Rate Spread
> 3.50x	3.25%	2.25%
> 3.00x but ≤ 3.50x	3.00%	2.00%
≤ 3.00x	2.75%	1.75%