---
schema_version: "secwatch.filing_event.v1"
accession: "0001333493-22-000016"
form_type: "8-K"
ticker: "EHTH"
cik: "0001333493"
company_name: "eHealth, Inc."
filed_at: "2022-02-28T23:59:59+00:00"
generated_at: "2026-06-27T03:29:00.472630+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001333493-22-000016
- form_type: 8-K
- ticker: EHTH
- cik: 0001333493
- company_name: eHealth, Inc.
- filed_at: 2022-02-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1333493/000133349322000016/0001333493-22-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1333493/000133349322000016/ehth-20220228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001333493-22-000016
- JSON: https://secwatch.observer/filing/0001333493-22-000016.json
- Plain text: https://secwatch.observer/filing/0001333493-22-000016.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.