09:59 AM EDT, 07/18/2024 (MT Newswires) -- Health Catalyst ( HCAT ) said Thursday it has secured a five-year term loan facility for up to $225 million with Silver Point Finance.

The financing includes an initial $125 million term loan and a $100 million delayed draw term loan, the company said.

Health Catalyst ( HCAT ) said the initial loan proceeds, along with cash on hand, will refinance existing convertible notes due 2025 and support working capital and general corporate purposes. The delayed draw facility will fund Health Catalyst's ( HCAT ) inorganic growth strategy.

Health Catalyst ( HCAT ) shares rose 1.5% in early trading.

Price: 7.40, Change: +0.08, Percent Change: +1.09