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Catasys announces expansion of debt financing agreement

Mar. 14, 2019 2:14 PM ETOntrak, Inc. (OTRK) Stock, HRZNBy: Vandana Singh, SA News Editor
  • Catasys (CATS +9.2%) enters into an amendment and expansion of its previously announced financing of a receivable facility agreement and term loan.
  • The Company enters into a $15M financing with Horizon Technology Finance (NASDAQ:HRZN), which includes initial term loans of $7.5M and an additional up to $7.5M loan in three revolving tranches of $2.5M.
  • The Company also has access to the previously announced receivable facility agreement of $2.5M with Heritage Bank of Commerce.

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