Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
ZYNEX INC faced acceleration on convertible notes of approximately $60.0 million of aggregate principal amount with U.S. Bank Trust Company, National Association, as trustee at 5.00% maturing 2026.
- Instrument
- convertible notes
- Principal
- approximately $60.0 million of aggregate principal amount
- Counterparty
- U.S. Bank Trust Company, National Association, as trustee
- Rate
- 5.00%
- Maturity
- 2026
- Event
- acceleration
Exact text from the filing
The filing of the Chapter 11 Cases described in Item 1.03 above constitutes an event of default under the Company’s approximately $60.0 million of aggregate principal amount (plus any accrued but unpaid interest in respect thereof) of the Company’s 5.00% Convertible Senior Notes 2026 under the indenture, dated as of May 9, 2023 (as amended, supplemented or modified from time to time, the “Indenture”) between the Company and U.S. Bank Trust Company, National Association, as trustee.
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Distress & Bankruptcy
SEC 8-K Item 1.03
confidence 0.9
ZYNEX INC entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2025-12-15).
- Proceeding
- chapter 11
- Court
- United States Bankruptcy Court for the Southern District of Texas
- Petition
- 2025-12-15
Exact text from the filing
Zynex, Inc. (the "Company") and certain of its subsidiaries (collectively, the "Company Subsidiary Parties" and together with the Company, the "Company Parties") filed voluntary petitions (the "Chapter 11 Cases") under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of Texas (the "Court").
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