debt
confidence high
sentiment neutral
materiality 0.65
Myomo enters $4M revolving credit facility with Silicon Valley Bank
MYOMO, INC.
- Revolver up to $4M (expandable to $5.5M); interest rate greater of 8.50% or prime + 0.50%.
- Facility secured by all assets except intellectual property; matures July 2026.
- Fees include $20K commitment fee, 0.50% anniversary fee, 0.50% unused line fee, and 1% termination fee.
- Proceeds for working capital and general business purposes.