Catasys plans $45 million placement of senior secured notes due 2024

By Devika Patel

Knoxville, Tenn., Sept. 24 – Catasys, Inc. arranged to sell $45 million of senior secured notes due 2024 in a private placement with Goldman Sachs Specialty Lending Group, LP, according to a press release.

The placement will be structured with a $35 million initial tranche and up to $10 million in additional tranches.

Proceeds will be used to retire the company’s existing credit facilities, continue scaling new contracts and expansions, invest in additional technology enhancements, develop new products including the Catasys PRE platform and provide excess capital for growth.

Los Angeles-based Catasys provides integrated technology-enabled treatment solutions to health plans.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.