CareCloud (CCLDP) ends $10M SVB credit line, plans replacement

Rhea-AI Filing Summary

CareCloud, Inc. disclosed that on August 18, 2025 it voluntarily terminated its secured revolving line of credit agreement with Silicon Valley Bank, a division of First Citizens Bank & Trust Company. This facility, originally dated October 13, 2017 and amended over time, had provided the company with an available line of credit of $10 million.

The company states that it will ultimately replace this facility with a similar line of credit, indicating an intention to maintain access to revolving credit while changing lending arrangements.

Insights

Credit & Capital Structure Analyst

CareCloud ends a $10M credit line and plans a similar replacement, signaling a shift rather than a clear change in liquidity.

CareCloud, Inc. terminated its secured revolving line of credit with Silicon Valley Bank, which provided an available line of credit of $10 million. The agreement dated October 13, 2017 had been amended over time, so ending it marks a structural change in the company’s short-term funding arrangements.

The company states it will replace this facility with a similar line of credit, suggesting a move to alternative banking terms rather than stepping away from revolving credit entirely. Actual impact will depend on the terms and timing of the new facility once disclosed in future company filings.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 18, 2025

CARECLOUD, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-36529		22-3832302
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

7 Clyde Road, Somerset, New Jersey, 08873

(Address of principal executive offices, zip code)

(732) 873-5133

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		CCLD		Nasdaq Global Market
8.75% Series B Cumulative Redeemable Perpetual Preferred Stock, par value $0.001 per share		CCLDO		Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.02 Termination of a Material Definitive Agreement.

On August 18, 2025, CareCloud, Inc. (the “Company”) and its wholly owned subsidiaries CareCloud Acquisition, Corp., CareCloud Health, Inc., CareCloud Practice Management, Corp., Meridian Medical Management, Inc. and medSR, Inc. voluntarily terminated its existing secured revolving line of credit agreement dated October 13, 2017 (as was amended from time to time) by and among the Company, such wholly owned subsidiaries and Silicon Valley Bank, a division of First Citizens Bank & Trust Company. The line of credit agreement with Silicon Valley Bank had provided the Company with an available line of credit of $10 million. The Company will ultimately replace this facility with a similar line of credit.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES

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:	August 22, 2025		By:	/s/ Norman Roth
				Norman Roth
				Interim Chief Financial Officer and Corporate Controller

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FAQ

What did CareCloud (CCLDP) announce regarding its credit facility?

CareCloud, Inc. announced that on August 18, 2025 it voluntarily terminated its secured revolving line of credit agreement with Silicon Valley Bank, a division of First Citizens Bank & Trust Company.

How large was CareCloud's terminated line of credit?

The secured revolving line of credit that CareCloud terminated had provided the company with an available line of credit of $10 million.

When was CareCloud's credit agreement with Silicon Valley Bank originally dated?

The secured revolving line of credit agreement was originally dated October 13, 2017 and had been amended from time to time.

Does CareCloud plan to replace the terminated credit facility?

Yes. CareCloud states that it will ultimately replace the terminated Silicon Valley Bank facility with a similar line of credit.

Which subsidiaries were parties to CareCloud's terminated credit agreement?

The agreement included CareCloud, Inc. and its wholly owned subsidiaries: CareCloud Acquisition, Corp., CareCloud Health, Inc., CareCloud Practice Management, Corp., Meridian Medical Management, Inc., and medSR, Inc.

Who signed the report for CareCloud related to this credit line termination?

The report was signed on behalf of CareCloud, Inc. by Norman Roth, Interim Chief Financial Officer and Corporate Controller.