Chicago-based GoHealth announced a series of financing and leadership changes aimed at strengthening its position as a health insurance marketplace, especially ahead of the Medicare annual enrollment period.
The company secured a $115 million senior secured superpriority term loan, with $80 million in new funds and $35 million in roll-up loans, and it amended its credit agreement to delay principal payments until 2026. These moves are expected to give GoHealth enough liquidity to fund operations for at least the next year while creating $250 million in potential debt capacity for future transactions.
Alongside the financing, GoHealth issued nearly 4.8 million shares of Class A common stock to lenders and reshaped its board, appointing three new directors while three others resigned. CEO Vijay Kotte and CFO Brendan Shanahan said the actions provide the financial and strategic flexibility needed to grow in a consolidating industry and explore transformative opportunities.
