Health Catalyst to pay down term loan with proceeds of proposed convertible notes

By Rebecca Melvin

New York, April 8 – Health Catalyst Inc. plans to pay down in full and terminate its term loan facility with about $57 million of proceeds of its proposed offering of convertible notes, according to a company news release.

The company said it is pricing $175 million of five-year convertible notes after the market close on Wednesday.

The company will also use proceeds to pay the cost of a call spread and for working capital and general corporate purposes, which may include potential acquisitions and strategic transactions.

Health Catalyst is a Salt Lake City-based provider of data and analytics technology.

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