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MOBILE, Ala. - TruBridge, Inc. (NASDAQ:TBRG) has refinanced its existing credit facilities by entering into an Amended and Restated Credit Agreement with its syndicated lending partners, the healthcare technology provider announced Monday. The company, which currently has a market capitalization of approximately $319 million, has shown strong financial resilience with a 22.3% price return over the past year.
The new agreement, which expires in November 2030, provides up to $250 million in senior credit facilities. It increases the maximum borrowing capacity under the revolving credit facility from $160 million to $180 million and raises the outstanding principal balance of the term loan facility from $54 million to $70 million.
According to the company, the total amount outstanding under TruBridge’s credit facilities after executing the agreement is $168 million, comprising the $70 million term loan and $98 million from the revolving credit facility.
"Over the last two years we have significantly improved our financial position and flexibility," said Vinay Bassi, chief financial officer of TruBridge. "This amended credit agreement further enhances our financial flexibility and opens us up to greater opportunities for future growth."InvestingPro data suggests TruBridge is currently undervalued, with a strong free cash flow yield of 12% and net income expected to grow this year. The company maintains a healthy current ratio of 1.91, indicating solid short-term financial stability.
TruBridge provides revenue cycle management and healthcare technology solutions for rural and community healthcare organizations. The company serves over 1,500 clients nationwide with offerings including electronic health records and analytics.
Regions Bank is serving as Administrative Agent and Collateral Agent for the credit agreement, according to the press release statement.
In other recent news, TruBridge Inc. reported its third-quarter 2025 earnings, revealing a notable performance in terms of earnings per share (EPS). The company achieved an EPS of $0.88, significantly exceeding the forecast of $0.41, representing a surprise of 114.63%. Despite this impressive EPS result, TruBridge’s revenue came in at $86.1 million, slightly below the anticipated $87.8 million, leading to a revenue surprise of -1.94%. These developments highlight the company’s ability to outperform on earnings while facing challenges in meeting revenue expectations. TruBridge’s financial results are a key focus for investors, as they provide insights into the company’s operational performance. This news is part of recent developments concerning the company, which continue to attract attention from analysts and investors alike.
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