CareCloud, Inc. (NASDAQ:CCLD, CCLDO))) ("CareCloud" or the "Company"), a leading provider of AI-driven healthcare technology and revenue cycle management solutions, today announced the closing of a $50 million credit facility on April 13, 2026, with Citizens Bank, N.A. ("Citizens") and Provident Bank, a subsidiary of Provident Financial Services, Inc ("Provident Bank"). Citizens acted as lead arranger and administrative agent on the $50 million credit facility. Provident Bank participated in the financing.

The Company also announced that, on May 15, 2026, it will redeem 100% of its outstanding 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock (CCLDO) (the "Series B Preferred Stock") , following the requisite 30-day notice period. This milestone simplifies in the Company's capital structure, eliminates preferred equity overhang, and enhances long-term shareholder value. The redemption is expected to eliminate approximately $3.2 million in annual preferred dividend obligations and replace higher-cost preferred equity with lower-cost institutional debt, improving the Company's capital structure and enhancing long-term financial flexibility.