Gainwell lands $2.6B term loan and $470M revolver to refinance debt

What's the deal? Gainwell AcquisitionDealroom has a profile for this one. Try Dealroom → secured a new $2.64 billion term B credit facility and a $470 million revolving credit facility, alongside HMS HoldingsDealroom has a profile for this one. Try Dealroom → and Health Management SystemsDealroom has a profile for this one. Try Dealroom →. Law firm Cahill Gordon & Reindel represented the lead arrangers on the financing, which was announced in August 2026.

What's the endgame? Gainwell is a healthcare and human services technology company. It will use the proceeds to refinance existing debt and for general corporate purposes.

The signal: Debt refinancing at this scale points to healthcare technology firms tapping leveraged credit markets to reset their balance sheets rather than raise fresh equity.

Read more: cahill.com

Image credit: Generated with Gemini