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

PUBT·05/11/2026 12:08:32
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CareCloud closes $50 million credit facility with Citizens Bank, Provident Bank
  • CareCloud closed USD 50 million credit facility with Citizens Bank, Provident Bank on April 13, comprising USD 40 million term loan, USD 10 million revolving line.
  • About USD 41.6 million was prefunded to fully redeem all outstanding Series B Preferred Stock on May 15, replacing preferred dividends with senior debt.
  • Transaction removes preferred equity overhang, lowers weighted average cost of capital, avoids common shareholder dilution.


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 on May 11, 2026, and is solely responsible for the information contained therein.