Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Sensus Healthcare, Inc. entered into Credit Agreement with Comerica Bank valued at up to $10,000,000 (effective 2023-09-11).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Comerica Bank
- Value
- up to $10,000,000
- Effective
- 2023-09-11
Exact text from the filing
On September 11, 2023, Sensus Healthcare, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) with Comerica Bank (“Comerica”) pursuant to which Comerica has made a revolving credit facility (the “Credit Facility”) available to the Company, evidenced by a Master Revolving Note, dated September 11, 2023 (the “Note”), made by the Company in favor of Comerica.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Sensus Healthcare, Inc. terminated a credit facility with Silicon Valley Bridge Bank, N.A. (effective 2023-09-11).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Silicon Valley Bridge Bank, N.A.
- Effective
- 2023-09-11
Exact text from the filing
the Company voluntarily terminated the revolving credit facility between the Company and Silicon Valley Bridge Bank, N.A. that provided for maximum borrowings equal to the lesser of (a) the $15 million commitment amount or (b) the borrowing base plus a $7.5 million non-formula sublimit.
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