CREDIT FACILITIES AND NOTES PAYABLE (Tables)

6 Months Ended

Jun. 30, 2025

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

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

RadNet, Inc. 10-Q