other_material
confidence high
sentiment neutral
materiality 0.40
CareCloud terminates $10M secured revolving credit facility with Silicon Valley Bank
CareCloud, Inc.
- Voluntarily terminated line of credit agreement dated Oct 13, 2017 with Silicon Valley Bank (a division of First Citizens Bank).
- Facility provided $10 million available line of credit to CareCloud and its wholly owned subsidiaries.
- Company intends to replace the terminated facility with a similar line of credit in the future.
- Termination effective August 18, 2025.
item 9.01