P3 Health Partners Inc. has entered into a new financing agreement through its subsidiary, P3 Health Group, LLC, involving an unsecured promissory note and warrants to purchase shares of Class A Common Stock with VBC Growth SPV 5, LLC, a Delaware-based entity managed by Chicago Pacific Founders GP III, L.P. This agreement, effective May 29, 2025, was approved by a committee of independent directors. Concurrently, P3 LLC amended its existing Term Loan Agreement with CRG Servicing LLC, allowing for the issuance of the promissory note and entering into a subordination agreement with VBC 5. Under this agreement, VBC 5 has agreed to subordinate its payment rights to the existing lenders, requiring P3 LLC to pay interest in-kind. These strategic financial arrangements aim to bolster P3 Health Partners' financial flexibility and growth potential.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. P3 Health Partners Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-029146), on June 03, 2025, and is solely responsible for the information contained therein.
Comments