Gohealth, Inc. SEC Filings

Public Sector Pension Investment Board (PSP) filed an Initial Statement of Beneficial Ownership reporting indirect beneficial ownership of 1,680,526 shares of GoHealth, Inc. (GOCO) Class A common stock. The filing identifies PSP USA, a wholly owned PSP subsidiary, as holding 1,680,444 shares directly and an additional 82 shares through a fund-of-one, which PSP may be deemed to indirectly own. The event requiring the statement is dated 08/06/2025 and the form is signed by Martine Vanasse, MD & Chief Compliance Officer on 08/15/2025. The filer is identified as a Director relationship to the issuer and the filing is an initial Form 3 disclosure.

GoHealth, Inc. issued Class A Common Stock to lenders as part of an amendment to its credit agreement, and two related reporting persons filed a joint Schedule 13D disclosing their holdings. The Public Sector Pension Investment Board (PSP) reports beneficial ownership of 1,680,526 shares (reported as 10.5% of the class). PSP Investments Credit USA LLC reports beneficial ownership of 1,680,444 shares (reported as 10.5% of the class).

The percentage figures are calculated using an outstanding base of 11,222,135 shares as of August 5, 2025, plus 4,766,219 shares issued on August 6, 2025. The shares were issued to lenders, including PSP USA, as consideration and a condition to the lenders’ entry into Amendment No. 14 to the existing credit agreement. The filing states no other transactions in the past 60 days by the reporting persons and discloses no criminal or securities-related judgments for the reporting persons or their scheduled officers.

GoHealth, Inc. amended its existing credit agreement (Amendment No. 14) on August 6, 2025 as part of refinancing activity and issued shares of its Class A common stock to lenders and their affiliates as consideration for the amendment. Among those recipients, the Redwood Funds and related reporting entities received an aggregate of 924,244 shares of Class A common stock, which the filing states represents 5.8% of the Class A stock based on 11,222,135 shares outstanding as of August 5, 2025 plus 4,766,219 shares issued on August 6, 2025.

The filing shows the Reporting Persons have shared voting and shared dispositive power over the 924,244 shares and report no sole voting or dispositive power. The issuance to lenders is described solely as consideration for the credit agreement amendment; no other transactions in the past 60 days are reported.

Public Sector Pension Investment Board (PSP) and its subsidiary PSP Investments Credit USA LLC acquired a material equity stake in GoHealth, Inc. The Reporting Persons received shares of GoHealth Class A common stock as consideration tied to an amendment of the Issuer's existing credit agreement, with shares issued to lenders and their affiliates, including PSP USA.

The filing reports beneficial ownership of 1,680,526 shares (PSP) and 1,680,444 shares (PSP USA), each representing 10.5% of the Class A stock on the filing’s stated basis. The ownership percentage is calculated using 11,222,135 shares outstanding as of August 5, 2025 plus 4,766,219 shares issued on August 6, 2025, per the issuer’s disclosure. The Schedule 13D discloses no other transactions in the prior 60 days and attaches a joint filing agreement and a list of PSP executives and directors as exhibits.

GoHealth reported mixed results for the quarter ended June 30, 2025. Net revenues declined to $94.0 million from $105.9 million a year earlier, while year-to-date revenues increased to $315.0 million from $291.5 million. The company recorded a significant $53.0 million indefinite-lived trade names impairment that, together with higher operating expenses, drove an operating loss of $99.4 million for the quarter and a net loss attributable to GoHealth of $54.3 million (basic loss per Class A share $5.10).

Liquidity and capital structure changed materially: cash and cash equivalents were $35.6 million, total long-term debt rose to $560.0 million and commissions receivable remained substantial at $996.6 million. Management states that after entering a Superpriority Credit Agreement and amendments, management believes available liquidity is sufficient to cover operating requirements for the next 12 months, alleviating prior substantial doubt about going concern.

Blue Torch Capital LP and Kevin Genda report beneficial ownership of 1,445,181 shares of GoHealth, Inc. Class A common stock, representing 9% of the class. The filing states these shares were issued to lenders and their affiliates as consideration and a condition to lender participation in Amendment No.14 to the Issuer's Credit Agreement dated August 6, 2025. The Reporting Persons disclose shared voting and shared dispositive power over these shares and report no sole voting or dispositive power.

The statement identifies Blue Torch as an investment manager and Mr. Genda as the managing member of the general partner. The percentage calculation references 11,222,135 shares outstanding as of August 5, 2025 plus 4,766,219 shares issued on August 6, 2025. No other transactions in the past 60 days are reported.