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CareCloud closes $50 million credit facility with Citizens Bank, Provident Bank

PUBT·04/14/2026 11:06:57
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CareCloud closes $50 million credit facility with Citizens Bank, Provident Bank
  • CareCloud closed USD 50 million credit facility on April 13, 2026 with Citizens Bank, acting as lead arranger and administrative agent.
  • Provident Bank joined facility as a participating lender.
  • Financing supports planned redemption of all 1,511,372 outstanding 8.75% Series B preferred shares on May 15, 2026.
  • Redemption is expected to cut about USD 3.2 million in annual preferred dividends, shifting funding toward lower-cost institutional debt.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CareCloud Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604140700PRIMZONEFULLFEED9689008) on April 14, 2026, and is solely responsible for the information contained therein.