CareView Communications Enters New Loan Agreement

TL;DR

CareView just signed a new loan agreement, details inside.

AI Summary

On December 11, 2024, CareView Communications, Inc. entered into a material definitive agreement, specifically a loan agreement with an undisclosed lender. This agreement creates a direct financial obligation for the company, the terms of which are detailed within the filing.

Why It Matters

This filing indicates CareView Communications has secured new financing, which could impact its operational capacity and financial structure.

Risk Assessment

Risk Level: medium — The filing details a new financial obligation, the specifics of which could pose risks depending on the loan terms and the company's ability to repay.

Key Players & Entities

• CareView Communications, Inc. (company) — Registrant
• December 11, 2024 (date) — Date of earliest event reported
• Nevada (jurisdiction) — State of incorporation
• 95-4659068 (tax_id) — IRS Employer Identification No.
• 405 State Highway 121, Suite B-240, Lewisville, TX 75067 (address) — Principal executive offices
• ( 972 ) 943-6050 (phone_number) — Registrant's telephone number

FAQ

Filing Documents

• crvw20241216_8k.htm (8-K) — 27KB
• ex_758026.htm (EX-10.1) — 36KB
• 0001437749-24-037628.txt ( ) — 189KB
• crvw-20241211.xsd (EX-101.SCH) — 3KB
• crvw-20241211_def.xml (EX-101.DEF) — 10KB
• crvw-20241211_lab.xml (EX-101.LAB) — 14KB
• crvw-20241211_pre.xml (EX-101.PRE) — 10KB
• crvw20241216_8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Ninth Amendment to Credit Agreement; Extended Maturity Date As previously reported, CareView Communications, Inc. (and together with its subsidiaries, as applicable, the "Company"), CareView Communications, Inc., a Texas corporation and a wholly owned subsidiary of the Company (the "Borrower"), and PDL Investment Holdings, LLC (as assignee of PDL BioPharma, Inc.), in its capacity as administrative agent and lender (the "Lender") entered into that certain Credit Agreement as of June 26, 2015, which was subsequently amended by the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment, the Fifth Amendment, the Sixth Amendment, the Seventh Amendment and the Eight Amendment as of October 7, 2015, February 23, 2018, July 13, 2018, April 9, 2019, May 15, 2019, February 6, 2020, May 31, 2023, and September 30, 2023 respectively (collectively, the "Credit Agreement"). Any capitalized terms not defined herein shall have the definitions ascribed to them in the Credit Agreement. On December 11, 2024 (the "Effective Date"), the Company, the Borrower, the Lender, Steven G. Johnson, President and Chief Executive Officer of the Company, and Dr. James R. Higgins, a director of the Company, entered into a Ninth Amendment to Credit Agreement (the "Ninth Credit Agreement Amendment"), pursuant to which the parties agreed to amend the Credit Agreement to (i) provide that the Maturity Date shall be extended to March 31, 2025. The foregoing descriptions of the Ninth Amendment to Credit Agreement are qualified, in their entirety, by reference to such amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference in response to this Item 1.01. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 of this Current Report on Form 8-K that

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Date Document 10.1* 12/11/24 Ninth Amendment to Credit Agreement, by and among the Company, CareView Communications, Inc., a Texas corporation, PDL Investment Holdings, LLC, Steven G. Johnson and Dr. James R. Higgins 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Filed herewith.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 17, 2024 CAREVIEW COMMUNICATIONS, INC. By: /s/ Steven G. Johnson Steven G. Johnson Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR