Veradigm enters $100M senior secured term loan; $75M funded, $25M delayed draw

Veradigm Inc.

$75M initial term loan funded June 18, 2025; $25M delayed draw available until Dec 18, 2026; maturity June 18, 2030.
Loans bear interest at Adjusted Term SOFR + 7.50% or Base Rate + 6.50%; PIK interest allowed until June 30, 2027.
Proceeds used for repurchases of 0.875% convertible notes due 2027 and general corporate purposes.
Covenants: max first lien leverage ratio 3.0x, minimum liquidity $25M; no amortization; cross-default on debt >$20M.
Prepayment premiums: make-whole +3% through June 2026, then 3%, 1%, 0% declining to 0% after June 2028.

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