CareCloud (CCLD) has fully paid down its credit facility line with Silicon Valley Bank, achieving a key 2024 objective. Additionally, CareCloud requested and secured a reduction in its borrowing fees and lowered its overall revolving credit facility limit. Pursuant to the Company’s Ninth Loan Modification Agreement, dated October 25, 2024, with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, the Company continues to maintain an unused, but available, credit facility line of $10 million. The information contained in this press release is a summary of certain relevant portions of the Agreement and Form 8-K, which are filed with Securities and Exchange Commission.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCLD:
- CareCloud, ChartSwap partner to launch ‘CareCloud Powered by ChartSwap’
- CareCloud Amends Preferred Stock Terms and Exchange Rights
- CareCloud Shareholders Approve Preferred Stock Amendment
- CareCloud announces approval of Series A Preferred Stock proposal
- CareCloud obtained 99% of the minimum required ‘FOR’ votes