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CREDIT FACILITIES AND NOTES PAYABLE (Tables) | 9 Months Ended
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Sep. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Notes Payable, Line of Credit and Capital Lease Obligations | As of September 30, 2022 and December 31, 2021 our term loan debt obligations are as follows (in thousands):
| September 30, 2022 |  | December 31, 2021
First Lien Term Loans collateralized by RadNet's tangible and intangible assets | $ | 715,938 |  |  | $ | 721,375 |
Discount on First Lien Term Loans | (11,649) |  |  | (13,213) |
SunTrust Term Loan collateralized by NJIN's tangible and intangible assets | 42,000 |  |  | 46,500 |
Total debt obligations | 746,289 |  |  | 754,662 |
Less: current portion | (10,789) |  |  | (11,164) |
Long term portion debt obligations | $ | 735,500 |  |  | $ | 743,498 |
Schedule of Leverage Ratio | Our SunTrust Term Loan bears interest at either an Adjusted LIBOR or a Base Rate (each as defined in the SunTrust Credit Agreement), plus an applicable margin according to the following schedule:
Pricing Level | Leverage Ratio | Applicable Margin for Eurodollar 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 | 2.75% per annum | 1.75% per annum | 2.75% 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 Net Leverage Ratio | Eurodollar Rate Spread | Alternate Base Rate Spread
> 3.50x | 3.25% | 2.25%
> 3.00x but ≤ 3.50x | 3.00% | 2.00%
≤ 3.00x | 2.75% | 1.75%

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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