debt
confidence high
sentiment positive
materiality 0.50
KORU Medical amends loan agreement, extends credit facility maturity to Dec 2026
KORU Medical Systems, Inc.
- Amendment extends $5M revolving credit facility maturity to Dec 31, 2026; term loan interest-only period to Oct 1, 2026.
- Adjusted Quick Ratio covenant reduced from 1.50:1.00 to 1.25:1.00; company has not drawn on facility.
- Amendment with HSBC Ventures USA Inc. effective March 31, 2025.