Ontrak (Catasys) amends note purchase agreement with GS Specialty

Chicago, March 8 – Ontrak, Inc. amended its note purchase agreement for $45 million principal amount outstanding of senior secured notes with Goldman Sachs Specialty Lending Group, LP and any other purchasers on Tuesday, according to an 8-K filing with the Securities and Exchange Commission.

The notes were issued when the company was still called Catasys, Inc.

The amendment required prepayment of the notes of $11 million of the outstanding balance without the incurrence of a yield maintenance premium or prepayment fee, a prepayment that was made on Tuesday.

It also restricted the payment of dividends on the company’s series A preferred stock until after Dec. 31, 2022.

The floating rate will no longer be based on Libor, but at the base rate going forward.

Santa Monica-based Ontrak provides integrated technology-enabled treatment solutions to health plans.

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