| Schedule of Term Loans and Financing Activity |
During the periods covered by this report, the base rates, margins and effective interest rates were as follows for the periods indicated: | | | | | | | | | | Period | Base Rate plus Margin | Effective Rate | | | | As of December 31, 2025 | SOFR plus 2.25% Prime Rate plus 1.25% | 6.07% 8.0% | As of September 30, 2026 | SOFR plus 2.0% Prime Rate plus 1.0% | 5.8% 8.0% |
As of September 30, 2026 and December 31, 2025, our term loan debt and other debt obligations, excluding finance lease liabilities, were as follows (in thousands): | | | | | | | | | | | | | | September 30,
2026 | | December 31,
2025 | | Barclays Term Loans collateralized by RadNet's tangible and intangible assets | $ | 1,202,529 | | | $ | 961,119 | | | Discount on Barclays Term Loans | (10,689) | | | (11,759) | | | Truist Term Loan Agreement collateralized by NJIN's tangible and intangible assets | 115,312 | | | 123,750 | | | Discount on Truist Term Loan Agreement | (264) | | | (462) | | | | | | Equipment notes payable at 2.7% to 7.2%, due through 2029, collateralized by medical equipment | 15,622 | | | 17,271 | | | Other notes payable, due through 2036 | 2,791 | | | — | | | Total debt obligations, excluding finance lease liabilities | 1,325,301 | | | 1,089,919 | | | Less: current portion | (31,796) | | | (25,424) | | | Long term portion of debt obligations | $ | 1,293,505 | | | $ | 1,064,495 | |
The following table reconciles the debt obligations presented above to total debt obligations, including finance lease liabilities (in thousands): | | | | | | | | | | | | | September 30,
2026 | | December 31,
2025 | | Total debt obligations, excluding finance lease liabilities | $ | 1,325,301 | | | $ | 1,089,919 | | | Short-term finance lease liability | 1,317 | | | — | | | Long-term finance lease liability | 3,951 | | | — | | Total debt obligations, including finance lease liabilities | $ | 1,330,569 | | | $ | 1,089,919 | |
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| Schedule of Maturities of Long-Term Debt |
The following is a listing of annual principal maturities of notes payable exclusive of all related discounts and repayments on our revolving credit facilities as of September 30, 2026 (in thousands)
| | | | | | | 2026* | $ | 7,825 | | | 2027 | 132,948 | | | 2028 | 16,207 | | | 2029 | 13,220 | | | 2030 | 13,467 | | | Thereafter | 1,152,587 | | | Total notes payable obligations | $ | 1,336,254 | |
*Excluding the nine months ended September 30, 2026
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