CareCloud (NASDAQ: CCLD) updates credit agreement for permitted acquisitions
Rhea-AI Filing Summary
CareCloud, Inc. entered into a First Amendment to its Credit Agreement with Citizens Bank and the lenders on June 25, 2026. The amendment, effective as of May 6, 2026, modifies certain terms of the original April 13, 2026 Credit Agreement.
The changes include replacing a schedule of post-closing obligations to extend the deadline for delivering certain securities account pledge documents to 105 days after the closing date. It also adjusts the information and notice requirements and revises the liquidity condition that apply when CareCloud undertakes permitted acquisitions. All other terms of the Credit Agreement remain in effect.
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8-K Event Classification
Key Figures
Key Terms
Material Definitive Agreement regulatory
First Amendment to Credit Agreement financial
securities account pledge documentation financial
permitted acquisitions financial
liquidity condition financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement.
On June 25, 2026, CareCloud, Inc. (the “Company”) entered into a First Amendment to Credit Agreement (the “Amendment”) with Citizens Bank, N.A., as administrative agent, and the lenders party thereto, which Amendment is effective as of May 6, 2026. The Amendment amends the Credit Agreement dated April 13, 2026 (the “Credit Agreement”), among the Company, Citizens Bank, N.A., as administrative agent, and the lenders party thereto.
Among other things, the Amendment (i) replaces Schedule 6.16 of the Credit Agreement relating to certain post-closing obligations, including extending the deadline for delivery of certain securities account pledge documentation to 105 days following the closing date, (ii) modifies the information and notice requirements applicable to permitted acquisitions, and (iii) revises the liquidity condition applicable to permitted acquisitions.
Except as expressly modified by the Amendment, the terms of the Credit Agreement remain unchanged and continue in full force and effect.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| 10.1 | First Amendment to Credit Agreement. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
| 2 |
SIGNATURE(S)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CareCloud, Inc. | ||
| Date: June 26, 2026 | By: | /s/ Norman Roth |
| Norman Roth | ||
| Interim Chief Financial Officer and Corporate Controller | ||
| 3 |