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CREDIT FACILITIES AND NOTES PAYABLE (Tables) | 9 Months Ended
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Sep. 30, 2024
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
Through March 31, 2023 | Eurodollar plus 2.50% Alternative Base Rate plus 2.00% | 4.63% 8.00%
April 1, 2023 to 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 | SOFR plus 2.5% Prime Rate plus 1.5% | 7.78% (credit spread adjustment of 0.00% ) 9.5%
As of September 30, 2024 and December 31, 2023 our term loan debt and other obligations are as follows (in thousands):
| September 30, 2024 |  | December 31, 2023
Barclays Term Loans collateralized by RadNet's tangible and intangible assets | $ | 872,812 |  |  | $ | 678,687 |
Discount on Barclays Term Loans | (15,234) |  |  | (9,041) |
Truist Term Loan Agreement collateralized by NJIN's tangible and intangible assets | 136,875 |  |  | 144,375 |
Discount on Truist Term Loan Agreement | (792) |  |  | (990) |
Equipment notes payable at 3.6% to 7.2%, due through 2029, collateralized by medical equipment | 25,989 |  |  | 17,011 |
Total debt obligations | 1,019,650 |  |  | 830,042 |
Less: current portion | (23,378) |  |  | (17,974) |
Long term portion of debt obligations | $ | 996,272 |  |  | $ | 812,068 |

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