CREDIT FACILITIES AND NOTES PAYABLE (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of First Lien Credit Agreement

During the periods covered by this report, the base rates, margins and effective interest rates (without giving effect to our 2019 Swaps) were as follows for the periods indicated:

Period	Base Rate plus Margin	Effective Rate
Through March 31, 2023	Eurodollar plus 2.50% Alternative Base Rate plus 2.00%	4.63% 8.00%
April 1, 2023 to April 18, 2024	SOFR plus 3.00% Alternative Base Rate plus 2.00%	8.33% (credit spread adjustment of 0.11%) 10.5%
After April 18, 2024	SOFR plus 2.5% Prime Rate plus 1.5%	7.83% (credit spread adjustment of 0.26% ) 9.5%

As of June 30, 2024 and December 31, 2023 our term loan debt and other obligations are as follows (in thousands):

	June 30, 2024		December 31, 2023
Barclays Term Loans collateralized by RadNet's tangible and intangible assets	$	875,000	$	678,687
Discount on Barclays Term Loans	(15,820)		(9,041)
Truist Term Loan Agreement collateralized by NJIN's tangible and intangible assets	140,625		144,375
Discount on Truist Term Loan Agreement	(858)		(990)
Equipment notes payable at 3.6% to 7.2%, due through 2029, collateralized by medical equipment	27,660		17,011
Total debt obligations	1,026,607		830,042
Less: current portion	(24,215)		(17,974)
Long term portion of debt obligations	$	1,002,392	$	812,068