---
schema_version: "secwatch.filing_event.v1"
accession: "0001333493-26-000003"
form_type: "8-K"
ticker: "EHTH"
cik: "0001333493"
company_name: "eHealth, Inc."
filed_at: "2026-01-06T23:59:59+00:00"
generated_at: "2026-05-16T11:30:26.843792+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# eHealth closes $125M asset-based revolver with Manulife | Comvest; repays $70M Blue Torch Loan

## Summary
- 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.

## SEC filing metadata
- accession: 0001333493-26-000003
- form_type: 8-K
- ticker: EHTH
- cik: 0001333493
- company_name: eHealth, Inc.
- filed_at: 2026-01-06T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1333493/000133349326000003/0001333493-26-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1333493/000133349326000003/ehth-20251231.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001333493-26-000003
- JSON: https://secwatch.observer/filing/0001333493-26-000003.json
- Plain text: https://secwatch.observer/filing/0001333493-26-000003.txt

## Key facts
- Debt Financings
  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
  source text: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1333493/000133349326000003/0001333493-26-000003-index.htm
- Governance Changes
  eHealth, Inc.: Amendment to Certificate of Designations (COD Amendment) filed to modify rights of security holders.
  - Change: charter amendment
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1333493/000133349326000003/0001333493-26-000003-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1333493/000133349326000003/0001333493-26-000003-index.htm

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