Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CareCloud, Inc. incurred credit facility of $40.0 million term loan facility and a $10.0 million revolving credit facility with Citizens Bank, N.A. and Provident Bank at rates based on Term SOFR, Daily Simple SOFR or the alternate base rate, in each maturing the fourth anniversary of the closing date.
- Instrument
- credit facility
- Principal
- $40.0 million term loan facility and a $10.0 million revolving credit facility
- Counterparty
- Citizens Bank, N.A. and Provident Bank
- Rate
- rates based on Term SOFR, Daily Simple SOFR or the alternate base rate, in each
- Maturity
- the fourth anniversary of the closing date
- Event
- incurrence
Exact text from the filing
On April 13, 2026, CareCloud, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) with Citizens Bank, N.A., as administrative agent, issuing bank and a lender (“Citizens”), Provident Bank, as a lender (“Provident”), and the other parties thereto, which provides for a $40.0 million term loan facility and a $10.0 million revolving credit facility (collectively, the “Credit Facility”).
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.95
CareCloud, Inc. issued 4,300,000 shares of common stock of warrant to Mahmud Haq for pledge of certain securities accounts as additional collateral support for the Credit Facility.
- Security
- warrant
- Shares
- 4,300,000 shares of common stock
- Purchaser
- Mahmud Haq
- Consideration
- pledge of certain securities accounts as additional collateral support for the Credit Facility
Exact text from the filing
Mahmud Haq, the Company’s Executive Chairman, will enter into a Securities Account Pledge Agreement in favor of Citizens, as administrative agent, pursuant to which he will pledge certain securities accounts as additional collateral support for the Credit Facility. In consideration for this pledge, Mr. Haq will receive a warrant exercisable for 4,300,000 shares of common stock of the Company at a strike price of $5.00 per share (the “Warrant”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CareCloud, Inc. entered into Credit Agreement with Citizens Bank, N.A., as administrative agent, issuing bank and a lender, Provident Bank, as a lender, and the other parties thereto valued at $40.0 million term loan facility and a $10.0 million revolving credit facility (effective 2026-04-13).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Citizens Bank, N.A., as administrative agent, issuing bank and a lender, Provident Bank, as a lender, and the other parties thereto
- Value
- $40.0 million term loan facility and a $10.0 million revolving credit facility
- Effective
- 2026-04-13
Exact text from the filing
On April 13, 2026, CareCloud, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) with Citizens Bank, N.A., as administrative agent, issuing bank and a lender (“Citizens”), Provident Bank, as a lender (“Provident”), and the other parties thereto, which provides for a $40.0 million term loan facility and a $10.0 million revolving credit facility (collectively, the “Credit Facility”).
View on SEC.gov