GoHealth Secures Amended Credit Agreement Highlighting Broad Based Support from Stakeholders
GoHealth (NASDAQ: GOCO), a health insurance marketplace specializing in Medicare Advantage plans, has secured an amended credit agreement with its lenders. The amendment provides covenant adjustments and extends the company's revolving credit facility maturity to September 30, 2025.
The agreement includes consent for GoHealth to pursue receivables financing, including potential securitization transactions, as part of a broader financing plan. This comprehensive plan aims to address the company's recent going concern position and strengthen its financial foundation for future growth.
CEO Vijay Kotte emphasized that the amendment demonstrates stakeholder support and enables the company to focus on long-term strategic priorities while maintaining its leadership position in the Medicare consumer support sector.GoHealth (NASDAQ: GOCO), un marketplace di assicurazioni sanitarie specializzato nei piani Medicare Advantage, ha ottenuto un accordo di credito modificato con i suoi finanziatori. La modifica prevede aggiustamenti nei covenant e prolunga la scadenza della linea di credito revolving della società fino al 30 settembre 2025.
L'accordo include il consenso per GoHealth a perseguire il finanziamento dei crediti, comprese potenziali operazioni di cartolarizzazione, come parte di un piano di finanziamento più ampio. Questo piano completo mira a risolvere la recente situazione di continuità aziendale e a rafforzare la base finanziaria per la crescita futura.
Il CEO Vijay Kotte ha sottolineato che la modifica dimostra il sostegno degli stakeholder e permette all'azienda di concentrarsi sulle priorità strategiche a lungo termine, mantenendo la sua posizione di leadership nel settore del supporto ai consumatori Medicare.
GoHealth (NASDAQ: GOCO), un mercado de seguros de salud especializado en planes Medicare Advantage, ha asegurado un acuerdo de crédito enmendado con sus prestamistas. La enmienda proporciona ajustes en los convenios y extiende la vigencia de la línea de crédito revolvente de la compañía hasta el 30 de septiembre de 2025.
El acuerdo incluye el consentimiento para que GoHealth pueda buscar financiamiento de cuentas por cobrar, incluidas posibles transacciones de titulización, como parte de un plan de financiamiento más amplio. Este plan integral tiene como objetivo abordar la reciente situación de continuidad de la empresa y fortalecer su base financiera para el crecimiento futuro.
El CEO Vijay Kotte enfatizó que la enmienda demuestra el apoyo de las partes interesadas y permite a la compañía centrarse en prioridades estratégicas a largo plazo mientras mantiene su posición de liderazgo en el sector de soporte al consumidor de Medicare.
GoHealth (NASDAQ: GOCO)는 Medicare Advantage 플랜에 특화된 건강 보험 마켓플레이스로서, 대출 기관들과 수정된 신용 계약을 체결했습니다. 이번 수정으로 약정 조정이 이루어졌으며, 회사의 회전 신용 한도 만기가 2025년 9월 30일로 연장되었습니다.
이 계약에는 GoHealth가 매출채권 금융, 잠재적인 증권화 거래를 포함한 자금 조달 계획을 추진할 수 있도록 하는 동의가 포함되어 있습니다. 이 포괄적인 계획은 회사의 최근 계속기업으로서의 문제를 해결하고 미래 성장을 위한 재무 기반을 강화하는 것을 목표로 합니다.
CEO Vijay Kotte는 이번 수정이 이해관계자의 지지를 보여주며, 회사가 장기적인 전략적 우선순위에 집중하면서 Medicare 소비자 지원 분야에서의 리더십 위치를 유지할 수 있게 한다고 강조했습니다.
GoHealth (NASDAQ : GOCO), une place de marché d'assurance santé spécialisée dans les plans Medicare Advantage, a obtenu un accord de crédit amendé avec ses prêteurs. L'amendement prévoit des ajustements des engagements et prolonge la maturité de la facilité de crédit renouvelable de la société jusqu'au 30 septembre 2025.
L'accord inclut le consentement pour GoHealth de poursuivre un financement des créances, y compris d'éventuelles opérations de titrisation, dans le cadre d'un plan de financement plus large. Ce plan global vise à traiter la récente situation de continuité d'exploitation de l'entreprise et à renforcer sa base financière pour une croissance future.
Le PDG Vijay Kotte a souligné que cet amendement démontre le soutien des parties prenantes et permet à l'entreprise de se concentrer sur ses priorités stratégiques à long terme tout en maintenant sa position de leader dans le secteur du soutien aux consommateurs Medicare.
GoHealth (NASDAQ: GOCO), ein Marktplatz für Krankenversicherungen, der sich auf Medicare Advantage-Pläne spezialisiert hat, hat eine geänderte Kreditvereinbarung mit seinen Kreditgebern gesichert. Die Änderung beinhaltet Anpassungen der Auflagen und verlängert die Laufzeit der revolvierenden Kreditfazilität des Unternehmens bis zum 30. September 2025.
Die Vereinbarung beinhaltet die Zustimmung für GoHealth, Forderungsfinanzierungen, einschließlich möglicher Verbriefungstransaktionen, im Rahmen eines umfassenderen Finanzierungsplans zu verfolgen. Dieser umfassende Plan zielt darauf ab, die jüngste Fortführungsbedenken des Unternehmens zu adressieren und die finanzielle Basis für zukünftiges Wachstum zu stärken.
CEO Vijay Kotte betonte, dass die Änderung die Unterstützung der Interessengruppen zeigt und es dem Unternehmen ermöglicht, sich auf langfristige strategische Prioritäten zu konzentrieren und gleichzeitig seine führende Position im Bereich der Medicare-Verbraucherunterstützung zu bewahren.
- Secured lender approval for covenant adjustments
- Extended revolving credit facility maturity to September 2025
- Obtained consent for receivables financing and securitization options
- Received broad-based stakeholder support across capital structure
- Company facing going concern issues requiring comprehensive financing plan
- Needs additional financing arrangements to strengthen financial position
CHICAGO, June 30, 2025 (GLOBE NEWSWIRE) -- GoHealth, Inc. (NASDAQ: GOCO), a leading health insurance marketplace, today announced it has entered into an amendment with its lenders under the Company’s existing credit agreement in order to, among other things, provide covenant adjustments as well as extend the maturity of the Company’s revolving credit facility through September 30, 2025. The amendment also provides consent for the Company to pursue a receivables financing (such consent also covering a securitization transaction) as the parties continue to work toward a comprehensive financing plan intended to alleviate the Company’s recent going concern position, strengthen the Company’s financial foundation, provide flexibility and position GoHealth for future sustainable and cash generating growth.
“This amendment highlights broad-based support from stakeholders across the capital structure and allows the Company to focus on longer-term strategic priorities,” said Vijay Kotte, Chief Executive Officer of GoHealth. “For nearly a decade, GoHealth has been a leader in supporting Medicare consumers as they assess their benefit options and enroll in Medicare Advantage plans. These actions, announced today, and the expected subsequent transactions are intended to reinforce this leadership while positioning us well for the future.”
Additional terms of the amendment are set forth in GoHealth’s Current Report on Form 8-K to be filed with the Securities and Exchange Commission on June 30, 2025.
About GoHealth
GoHealth is a leading health insurance marketplace and Medicare-focused digital health company whose purpose is to compassionately ensure consumers’ peace of mind when making healthcare decisions so they can focus on living life. For many of these consumers, enrolling in a health insurance plan is confusing and difficult, and seemingly small differences between health plans may lead to significant out-of-pocket costs or lack of access to critical providers and medicines. GoHealth’s proprietary technology platform leverages modern machine-learning algorithms, powered by over two decades of insurance purchasing behavior, to reimagine the process of matching a health plan to a consumer’s specific needs. Its unbiased, technology-driven marketplace coupled with highly skilled licensed agents has facilitated the enrollment of millions of consumers in Medicare plans since GoHealth’s inception. For more information, visit https://www.gohealth.com/.
Investor Relations
John Shave
jshave@gohealth.com
Media Relations
Pressinquiries@gohealth.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These forward-looking statements are made in reliance upon the safe harbor provision of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this press release may be forward-looking statements. Statements regarding GoHealth’s future liquidity, going concern and related plans, the negotiation of a comprehensive financing plan, subsequent transactions and the pursuit of a receivables financing, results of operations and financial position, business strategy and plans and objectives of management for future operations are forward-looking statements.
In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “aims,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “likely,” “future” or “continue” or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions, projections and other statements about future events that are based on current expectations and assumptions. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although GoHealth believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements.
These forward-looking statements speak only as of the date of this press release and are subject to a number of important factors that could cause actual results to differ materially from those in the forward-looking statements, including the Company’s inability to alleviate the going concern, failure to obtain the benefits from the announced amendment, failure to pursue and secure a comprehensive financing plan, subsequent transaction or a receivables facility, failure to improve operational performance, the factors described in the sections titled “Summary Risk Factors,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in GoHealth’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (“2024 Annual Report on Form 10-K”), Quarterly Report on Form 10-Q for the first quarter ended March 31, 2025 (“Q1 2025 Quarterly Report on Form 10-Q”) and in its other filings with the Securities and Exchange Commission. The factors described in GoHealth’s 2024 Annual Report on Form 10-K and the Q1 2025 Quarterly Report on Form 10-Q should not be construed as exhaustive and should be read together with the other cautionary statements included in this press release, as well as the cautionary statements and other risk factors set forth in our other filings with the Securities and Exchange Commission.
You should read this press release and the documents that GoHealth references in this press release completely and with the understanding that its actual future results may be materially different from what it expects. GoHealth qualifies all of its forward-looking statements by these cautionary statements. Except as required by applicable law, GoHealth does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.
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