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CREDIT FACILITIES AND NOTES PAYABLE (Tables) | 6 Months Ended
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Jun. 30, 2025
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
Before 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 to November 26, 2024 | SOFR plus 2.5% Prime Rate plus 1.5% | 6.58% (credit spread adjustment of 0.00%) 8.8%
After November 26, 2024 | SOFR plus 2.25% Prime Rate plus 1.25% | 6.6% (credit spread adjustment of 0.00%) 8.8%
As of June 30, 2025 and December 31, 2024 our term loan debt and other obligations are as follows (in thousands):
| June 30, 2025 |  | December 31, 2024
Barclays Term Loans collateralized by RadNet's tangible and intangible assets | $ | 965,998 |  |  | $ | 870,625 |
Discount on Barclays Term Loans | (12,879) |  |  | (12,929) |
Truist Term Loan Agreement collateralized by NJIN's tangible and intangible assets | 129,375 |  |  | 135,000 |
Discount on Truist Term Loan Agreement | (594) |  |  | (726) |
Equipment notes payable at 3.6% to 7.2%, due through 2029, collateralized by medical equipment | 20,835 |  |  | 24,296 |
Total debt obligations | 1,102,735 |  |  | 1,016,266 |
Less: current portion | (25,484) |  |  | (24,692) |
Long term portion of debt obligations | $ | 1,077,251 |  |  | $ | 991,574 |

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