debt
confidence high
sentiment neutral
materiality 0.15
eHealth amends credit agreement to replace LIBOR with SOFR as reference rate
eHealth, Inc.
- Amendment dated August 16, 2022 to $150M credit agreement originally dated February 28, 2022.
- Loans will now bear interest at Adjusted Term SOFR plus 7.50% margin or base rate plus 6.50%.
- No change to total commitment, maturity, or other material terms; purely a benchmark transition.
- Effective upon execution; all conditions to effectiveness satisfied per filing.