---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-042604"
form_type: "8-K"
ticker: "CCLD"
cik: "0001582982"
company_name: "CareCloud, Inc."
filed_at: "2024-10-28T23:59:59+00:00"
generated_at: "2026-05-30T09:40:20.129451+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CareCloud pays off $10M credit line with SVB, reduces facility to $10M, saves ~$140k annually

## Summary
- CareCloud fully paid down its $10M outstanding credit facility with SVB, achieving a key 2024 goal ahead of schedule.
- Entered Ninth Loan Modification Agreement reducing revolving credit line from $25M to $10M, reflecting lower borrowing needs.
- Annual anniversary and unused line fees reduced, resulting in approximately $140,000 in annual savings.
- The $10M credit line remains available but unused; company's obligations are secured by substantially all assets.
- Interim CFO Norm Roth highlighted the debt paydown as part of a larger plan to accelerate free cash flow.

## SEC filing metadata
- accession: 0001493152-24-042604
- form_type: 8-K
- ticker: CCLD
- cik: 0001582982
- company_name: CareCloud, Inc.
- filed_at: 2024-10-28T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1582982/000149315224042604/0001493152-24-042604-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1582982/000149315224042604/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-042604
- JSON: https://secwatch.observer/filing/0001493152-24-042604.json
- Plain text: https://secwatch.observer/filing/0001493152-24-042604.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.