Electromed renews $2.5M revolving credit line with Choice Financial, maturity to Dec 2023

Electromed, Inc.

Line of credit extended for two years, now matures on December 18, 2023.
Interest rate remains at prime minus 1.00%, no floor, payable monthly.
Borrowing base limited to the lesser of $2.5M or 57% of eligible accounts receivable.
Obligations secured by substantially all tangible and intangible assets of the Company.
Rider includes multiple amendments to loan agreement terms, such as default triggers and collateral provisions.

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