Loan & DebtJun 26, 2026, 05:06 PM
CareCloud Amends Credit Agreement, Modifies Acquisition Terms
AI Summary
CareCloud, Inc. entered into a First Amendment to its Credit Agreement with Citizens Bank, N.A., effective May 6, 2026. The amendment extends the deadline for securities account pledge documentation to 105 days and modifies the information and notice requirements for permitted acquisitions. Additionally, it revises the liquidity condition for permitted acquisitions, requiring a minimum Aggregate Liquidity of $3,000,000.00.
Key Highlights
- CareCloud entered a First Amendment to Credit Agreement with Citizens Bank, N.A. on June 25, 2026, effective May 6, 2026.
- Extended deadline for securities account pledge documentation to 105 days post-closing.
- Modified information and notice requirements for permitted acquisitions.
- Revised liquidity condition for permitted acquisitions to a minimum of $3,000,000.00.
- Added definitions for Mahmud Family Trust and Mehnaz Family Trust to the Credit Agreement.
Price Impact
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