Patriot National pays $36 million on term loan during first quarter

By Tali Rackner

Minneapolis, April 4 – Patriot National, Inc. paid down about $36 million on the term loan under its credit agreement during the first quarter, according to an 8-K filing with the Securities and Exchange Commission.

Of that amount, $20 million was attributable to the sale of substantially all assets of Global HR Research, Inc. to Global Radar Acquisition LLC.

Based in Fort Lauderdale, Fla., Patriot National provides workers’ compensation and managed care services.

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