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The Oncology Institute Announces Amendment to Facility Agreement and Debt Paydown
Contract Type
agreement
CerritosDescription
The Oncology Institute, Inc. announces an amendment to its existing facility agreement with funds affiliated with Deerfield Management Company, L.P. (Deerfield) and a partial paydown of the senior secured convertible notes. The agreement includes the waiver of certain restrictions and the removal of the minimum cash covenant of $40 million, strengthening the company's financial position and allowing for focus on growth initiatives such as securing new capitation agreements.