CREDIT FACILITIES AND NOTES PAYABLE (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

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

As of December 31, 2022 and December 31, 2021 our debt obligations consisted of the following (in thousands):

	December 31, 2022		December 31, 2021
First Lien Term Loans collateralized by RadNet's tangible and intangible assets	$	714,125	$	721,375
Discount on First Lien Term Loans	(11,127)		(13,213)
Term Loan Agreement collateralized by NJIN's tangible and intangible assets	150,000		46,500
Discount on NJIN Term Loan Agreement	(1,254)		—
Total debt obligations	851,744		754,662
Less current portion	(12,400)		(11,164)
Long-term portion debt obligations	$	839,344	$	743,498

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):

2023	$	14,750
2024	14,750
2025	18,500
2026	18,500
2027	119,750
Thereafter	677,875
Total notes payable obligations	$	864,125

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 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 Eurodollar Rate 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 Leverage Ratio	Eurodollar Rate Spread	Base Rate Spread
> 3.50x	3.25%	2.25%
> 3.00x but ≤ 3.50x	3.00%	2.00%
≤ 3.00x	2.75%	1.75%