CareCloud, Inc. announced on October 28, 2024, that it has fully paid down its credit facility line with Silicon Valley Bank. This achievement marks a key financial objective for the company in 2024.
Additionally, CareCloud requested and secured a reduction in its borrowing fees. The company also lowered its overall revolving credit facility limit.
These actions reflect CareCloud's disciplined financial management and efforts to optimize its capital structure, enhancing liquidity and reducing future interest expenses.
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