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CREDIT FACILITIES AND NOTES PAYABLE (Tables) | 12 Months Ended
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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%

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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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