CarePayment Technologies, Inc. Amends Loan Agreement with Aequitas Commercial Finance, LLC
March 09, 2012 at 07:34 pm
On March 5, 2012, CarePayment Technologies, Inc. and Aequitas Commercial Finance, LLC entered into amendment No. 2 pursuant to which the aggregate principal amount that the company may borrow under the loan documents was increased from $4,500,000 to $8,000,000, and the interest rate on the outstanding principal balance due under the loan documents was increased from 11% per annum to 12.5% per annum beginning on the effective date of amendment No. 2. The company has borrowed an aggregate amount of $4,131,000 from ACF under the loan documents.