secwatch.observer — SEC 8-K summary
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Issuer:     CareCloud, Inc. (CCLD)
CIK:        0001582982
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001493152-23-005588
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CareCloud increases revolving credit facility to $25M, extends maturity to 2025
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- Credit line increased from $20M to $25M with Silicon Valley Bank.
- Maturity extended from October 2023 to October 2025.
- Interest rate: prime plus 1.5% (floor 6.5%) plus 0.5% unused fee; anniversary fee $110,000.
- Proceeds for growth and working capital; secured by substantially all assets.
- CFO cites 34% revenue CAGR and 58% adjusted EBITDA growth since 2017 without dilution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582982/000149315223005588/0001493152-23-005588-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582982/000149315223005588/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-005588

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer