NeueHealth gets $30 million of incremental term loans

By Wendy Van Sickle

Columbus, Ohio, April 9 – NeueHealth, Inc. entered on Monday into an incremental amendment to its credit facility with New Enterprise Associates that increases the term loan commitment by $30 million, according to a news release.

The proceeds of the incremental commitment are intended to be used for general corporate purposes, including to support the company’s 2024 strategic priorities.

In connection with the incremental credit facility, NeueHealth said it will issue penny warrants to purchase up to 1,113,563 shares of the company’s common stock to the lenders.

NeueHealth is a Doral, Fla.-based value-driven health care company.

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