secwatch.observer — SEC 8-K summary
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Issuer:     Electromed, Inc. (ELMD)
CIK:        0001488917
Form:       8-K
Filed at:   2021-12-17T23:59:59+00:00
Accession:  0000897101-21-000999
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1488917/000089710121000999/0000897101-21-000999-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1488917/000089710121000999/elmd211499_8k.htm
  HTML page:      https://secwatch.observer/filing/0000897101-21-000999

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