secwatch.observer — SEC 8-K summary
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Issuer:     eHealth, Inc. (EHTH)
CIK:        0001333493
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001333493-22-000016
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1333493/000133349322000016/0001333493-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1333493/000133349322000016/ehth-20220228.htm
  HTML page:      https://secwatch.observer/filing/0001333493-22-000016

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