debt
confidence high
sentiment neutral
materiality 0.50
Myomo enters $3M term loan with SVB; revises revolver Medicare concentration limit
MYOMO, INC.
- New $3M term loan available until Feb 28, 2026; repayable in 36 monthly installments from Mar 1, 2026, maturing Feb 1, 2029.
- Interest on term loan at greater of 5.0% or prime minus 1.0%; prepayment fee 1%-3% based on prepayment year.
- Revolving line Medicare receivables concentration limit raised to 50% (from prior); German subsidiary deposit limit increased to $1.5M.
- Existing $4M revolver (expandable to $5.5M) retains July 11, 2026 maturity; 8.5% floor or prime+0.5% interest.