KORU Medical modifies $3.5M credit line; extends maturity to June 2023, changes interest rate

KORU Medical Systems, Inc.

Entered Loan Modification Extension Agreement with KeyBank National Association on June 29, 2022.
Maturity of $3.5M revolving credit line extended to June 1, 2023.
Interest rate changed from Prime minus 1.50% to Prime plus 0%.
Released prior security interest in equipment, inventory, and accounts; replaced with pledge on certain bank accounts.

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