secwatch.observer — SEC 8-K summary
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Issuer:     MYOMO, INC. (MYO)
CIK:        0001369290
Form:       8-K
Filed at:   2025-02-20T23:59:59+00:00
Accession:  0000950170-25-023403
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.04, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Myomo enters $3M term loan with SVB; revises revolver Medicare concentration limit
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1369290/000095017025023403/0000950170-25-023403-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1369290/000095017025023403/myo-20250218.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-023403

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer