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CREDIT FACILITIES AND NOTES PAYABLE (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Term Loan Debt Obligations | As of September 30, 2023 and December 31, 2022 our term loan debt and other obligations are as follows (in thousands):
| September 30, 2023 |  | December 31, 2022
First Lien Term Loans collateralized by RadNet's tangible and intangible assets | $ | 708,688 |  |  | $ | 714,125 |
Discount on First Lien Term Loans | (9,563) |  |  | (11,127) |
Truist Term Loan Agreement collateralized by NJIN's tangible and intangible assets | 144,375 |  |  | 150,000 |
Discount on Truist Term Loan Agreement | (1,056) |  |  | (1,524) |
Equipment notes payable at 6.0%, due 2028, collateralized by medical equipment | 17,901 |  |  | — |
Total debt obligations | 860,345 |  |  | 851,474 |
Less: current portion | (16,043) |  |  | (12,400) |
Long term portion debt obligations | $ | 844,302 |  |  | $ | 839,074 |
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 SOFR 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 | Term SOFR Loans | 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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