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CREDIT FACILITIES AND NOTES PAYABLE (Tables)
 12 Months Ended
Dec. 31, 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:
PeriodBase Rate plus MarginEffective 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 to November 26, 2024
SOFR plus 2.5%
Prime Rate plus 1.5%
7.13% (credit spread adjustment of 0.00% )
9.25%
After November 26, 2024
SOFR plus 2.25%
Prime Rate plus 1.25%
6.77% (credit spread adjustment of 0.00% )
8.8%
As of December 31, 2024 and 2023 our term loan debt and other obligations are as follows (in thousands):
December 31, 2024December 31, 2023
Barclays Term Loans collateralized by RadNet's tangible and intangible assets$870,625 $678,687 
Discount on Barclays Term Loans(12,929)(9,041)
Truist Term Loan Agreement collateralized by NJIN's tangible and intangible assets135,000 144,375 
Discount on Truist Term Loan Agreement(726)(990)
Revolving Credit Facilities— — 
Equipment notes payable at 3.6% to 7.2%, due through 2029, collateralized by medical equipment
24,296 17,011 
Total debt obligations1,016,266 830,042 
Less: current portion(24,692)(17,974)
Long term portion of debt obligations$991,574 $812,068 
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)
2025$27,025 
202626,920 
2027128,440 
202811,666 
20298,995 
Thereafter826,875 
Total notes payable obligations$1,029,921