---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-016464"
form_type: "8-K"
ticker: "CCLD"
cik: "0001582982"
company_name: "CareCloud, Inc."
filed_at: "2026-04-14T23:59:59+00:00"
generated_at: "2026-05-15T06:22:30.038815+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CareCloud closes $50M credit facility, will redeem all Series B Preferred at $27.52/share

## Summary
- $40M term loan + $10M revolver with Citizens and Provident; matures in 4 years.
- Full redemption of 1,511,372 Series B Preferred shares on May 15, 2026 at $27.52/share ($25.25 + $2.27 accrued).
- Redemption eliminates ~$3.2M annual preferred dividend; replaces high-cost equity with lower-cost debt.
- Company reports ~$30M annualized adjusted EBITDA; proceeds also for general corporate purposes.
- Executive chairman pledges securities for warrant to buy 4.3M shares at $5.00.

## SEC filing metadata
- accession: 0001493152-26-016464
- form_type: 8-K
- ticker: CCLD
- cik: 0001582982
- company_name: CareCloud, Inc.
- filed_at: 2026-04-14T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1582982/000149315226016464/0001493152-26-016464-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1582982/000149315226016464/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-016464
- JSON: https://secwatch.observer/filing/0001493152-26-016464.json
- Plain text: https://secwatch.observer/filing/0001493152-26-016464.txt

## Source-grounded claims
- claim_id: 85f8d952f57d4c2f17ff2c8e9ece38292ee9499c
  claim: 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.
  evidence_excerpt: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1582982/000149315226016464/0001493152-26-016464-index.htm
- claim_id: 31c427e755be6c1bfad422d2dd0704434126b0ef
  claim: 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).
  evidence_excerpt: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1582982/000149315226016464/0001493152-26-016464-index.htm

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