Evolent Health to use proceeds to prepay term loan due January 2029

By Mary-Katherine Stinson

Lexington, Ky., Dec. 5 – Evolent Health Inc. plans to use the proceeds of an offering of six-year convertible notes to prepay a portion of its term loan due January 2029, according to a press release attached to an 8-K filing with the Securities and Exchange Commission.

If the greenshoe is exercised, Evolent plans to use those proceeds, plus available liquidity, to prepay remaining borrowings and pay related fees under its term loan facility.

Evolent Health is an Arlington, Va.-based company that partners with health care payers and providers to reduce the cost of care.

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