eHealth, Inc. (EHTH): debt financing — eHealth closes $125M asset-based revolver with Manulife | Comvest; repays $70M Blue Torch Loan

eHealth, Inc.

New $125M revolving credit facility matures Dec 2028; SOFR + 6.50% interest rate, lower than prior term loan.
Proceeds used to repay $70M outstanding under Blue Torch term loan; balance for AI, omni-channel, and growth initiatives.
Borrowing base includes up to $50M cash plus net commission streams; option to increase commitments by $50M.
Amendment to H.I.G. investment agreement permits the facility, adds strategy committee with H.I.G. designee.
Liquidity covenant breach triggers 2% increase in PIK dividend rate on Series A preferred stock until cured.

item 1.01 item 1.02 item 2.03 item 3.03 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

eHealth, Inc. incurred revolving credit of up to $125.0 million with CCP Agency, LLC, as agent at base rate plus 5.50% or one-month Term SOFR plus 6.50% maturing December 2028.

Instrument: revolving credit
Principal: up to $125.0 million
Counterparty: CCP Agency, LLC, as agent
Rate: base rate plus 5.50% or one-month Term SOFR plus 6.50%
Maturity: December 2028
Event: incurrence

Exact text from the filing

(the “New Revolving Credit Agreement”) providing for a new asset-based revolving credit facility (the “New Revolving Credit Facility”) with aggregate commitments of up to $125.0 million (the “Aggregate Revolving Loan Commitment”). The Borrower has the ability to increase the Aggregate Revolving Loan Commitment under the New Revolving Credit Agreement by an

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

eHealth, Inc.: Amendment to Certificate of Designations (COD Amendment) filed to modify rights of security holders.

Change: charter amendment

Exact text from the filing

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. Upon execution of the Investment Agreement Amendment described in Item 1.01 above in this Current Report on Form 8-K, the COD Amendment was filed amending the Certificate of Designations.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

eHealth, Inc. entered into New Revolving Credit Agreement with CCP Agency, LLC valued at $125.0 million (effective 2025-12-31).

Action: entry
Agreement: credit facility
Counterparty: CCP Agency, LLC
Value: $125.0 million
Effective: 2025-12-31

Exact text from the filing

On December 31, 2025 (the “Closing Date”), eHealthInsurance Services, Inc. (the “Borrower”), a wholly owned indirect subsidiary of eHealth, Inc. (the “Company”), entered into a credit agreement with CCP Agency, LLC, as agent (the “Agent"), and the lenders party thereto (the “New Revolving Credit Agreement”) providing for a new asset-based revolving credit facility (the “New Revolving Credit Facility”) with aggregate commitments of up to $125.0 million

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102 debt financings filed in the last 30 days. Browse all debt financings →

eHealth, Inc. filing history →

Source: SEC EDGAR

accession 0001333493-26-000003

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