Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Electromed, Inc. amended revolving credit of $2,500,000 with Choice Financial Group at prime rate less 1.00% maturing December 18, 2025.
- Instrument
- revolving credit
- Principal
- $2,500,000
- Counterparty
- Choice Financial Group
- Rate
- prime rate less 1.00%
- Maturity
- December 18, 2025
- Event
- amendment
Exact text from the filing
On December 13, 2023, Electromed, Inc. (the "Company") renewed its $2,500,000 revolving line of credit with Choice Financial Group pursuant to a supplemental rider to the existing Business Loan Agreement (Asset Based) dated December 18, 2019. The rider provides that the line of credit will be extended for an additional two years and is now scheduled to mature on December 18, 2025. Interest on borrowings on the line of credit, if any, will remain at prime rate less 1.00%, with no interest rate floor and payable monthly.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Electromed, Inc. amended Business Loan Agreement (Asset Based) with Choice Financial Group valued at $2,500,000 (effective 2023-12-13).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Choice Financial Group
- Value
- $2,500,000
- Effective
- 2023-12-13
Exact text from the filing
On December 13, 2023, Electromed, Inc. (the "Company") renewed its $2,500,000 revolving line of credit with Choice Financial Group pursuant to a supplemental rider to the existing Business Loan Agreement (Asset Based) dated December 18, 2019.
View on SEC.gov