GoHealth Inc. (GOCO) Announced Credit Amendment; Reduction of Annual Borrowing Costs by $7M

GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, announced today that it had refinanced $296 million of its outstanding term loan. The Company's amended credit facility lowers the interest rate to 4% and reduces the Company's annual borrowing costs by over $7 million.

This amended facility also reduces the borrowing costs of the Company's recently upsized revolver to 4%, with all $200 million available as of the end of May 31, 2021.

All other material terms of these debt instruments remain unchanged.

Travis Matthiesen, GoHealth's CFO said, "As the leading Medicare marketplace, we enjoy strong access to favorable debt financing to fund our growth and seasonal working capital requirements. We remain bullish on our long-term growth prospects in a buoyant Medicare market and are tracking well toward another year of high-quality growth as we ramp our 2021 investments into this year's Annual Enrollment Period."

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