---
schema_version: "secwatch.filing_event.v1"
accession: "0000897101-21-000999"
form_type: "8-K"
ticker: "ELMD"
cik: "0001488917"
company_name: "Electromed, Inc."
filed_at: "2021-12-17T23:59:59+00:00"
generated_at: "2026-06-28T00:05:08.312096+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000897101-21-000999
- form_type: 8-K
- ticker: ELMD
- cik: 0001488917
- company_name: Electromed, Inc.
- filed_at: 2021-12-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1488917/000089710121000999/0000897101-21-000999-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1488917/000089710121000999/elmd211499_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000897101-21-000999
- JSON: https://secwatch.observer/filing/0000897101-21-000999.json
- Plain text: https://secwatch.observer/filing/0000897101-21-000999.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.