---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-012845"
form_type: "8-K"
ticker: "CCLD"
cik: "0001582982"
company_name: "CareCloud, Inc."
filed_at: "2025-09-09T23:59:59+00:00"
generated_at: "2026-05-17T07:17:54.232935+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CareCloud secures $10M credit facility with Provident Bank, replaces Wells Fargo note for Medsphere acquisition

## Summary
- New $10M facility from Provident Bank; $8.3M drawn at closing to replace Wells Fargo promissory note for Medsphere acquisition.
- Interest rate is SOFR + 3% (currently under 7.5%), significantly lower than the prior note.
- Two-year term; facility is secured by substantially all of CareCloud's assets.
- Medsphere acquisition total purchase price $16.5M: $8.25M paid from internal cash, balance financed via this facility.
- Company intends to fully pay down Medsphere-related obligation by mid-2026 through internally generated cash flow.

## SEC filing metadata
- accession: 0001493152-25-012845
- form_type: 8-K
- ticker: CCLD
- cik: 0001582982
- company_name: CareCloud, Inc.
- filed_at: 2025-09-09T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1582982/000149315225012845/0001493152-25-012845-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1582982/000149315225012845/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-012845
- JSON: https://secwatch.observer/filing/0001493152-25-012845.json
- Plain text: https://secwatch.observer/filing/0001493152-25-012845.txt

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