eHealth closes $70M secured term loan with Blue Torch Finance, replaces RBC facility

eHealth, Inc.

$70M secured term loan facility maturing Feb 28, 2025; LIBOR + 7.50% or Base Rate + 6.50%.
Proceeds to refinance existing RBC credit agreement, fund working capital, and pay ~$5M in closing costs.
Financial covenants: monthly minimum liquidity of $25M; loan-to-commission receivables ratio ≤ 50%.
Prior credit agreement with Royal Bank of Canada terminated upon closing.

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