CREDIT FACILITIES AND NOTES PAYABLE (Tables)

3 Months Ended

Mar. 31, 2025

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
Before 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%	7.78% (credit spread adjustment of 0.00% ) 9.5%
After November 26, 2024	SOFR plus 2.25% Prime Rate plus 1.25%	6.6% (credit spread adjustment of 0.00% ) 8.8%

As of March 31, 2025 and December 31, 2024 our term loan debt and other obligations are as follows (in thousands):

	March 31, 2025		December 31, 2024
Barclays Term Loans collateralized by RadNet's tangible and intangible assets	$	868,438	$	870,625
Discount on Barclays Term Loans	(12,412)		(12,929)
Truist Term Loan Agreement collateralized by NJIN's tangible and intangible assets	132,187		135,000
Discount on Truist Term Loan Agreement	(660)		(726)
Equipment notes payable at 3.6% to 7.2%, due through 2029, collateralized by medical equipment	22,578		24,296
Total debt obligations	1,010,131		1,016,266
Less: current portion	(24,677)		(24,692)
Long term portion of debt obligations	$	985,454	$	991,574