Alignment Healthcare borrows $50M Delayed Draw Term Loan to enhance balance sheet

Alignment Healthcare, Inc.

On June 14, 2024, Alignment Health borrowed $50M principal (net $49.5M) under its existing term loan agreement with Oxford Finance.
The draw avoids losing access to the $50M tranche, which was set to expire June 30, 2024.
Interest rate: 1-month SOFR (floor 1.00%) plus 6.50% margin.
Proceeds used for general working capital and balance sheet flexibility.

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