Electromed enters $10M revolving credit facility with BMO Bank N.A., maturing December 2026

Electromed, Inc.

$10M revolving line of credit at 1-month Term SOFR plus 1.75%, maturing December 16, 2026.
First-priority security interest granted on substantially all existing and future assets.
Financial covenants: Fixed Charge Coverage Ratio ≥ 1.20x; Total Funded Debt/EBITDA ≤ 2.50x when drawn.
Proceeds used for capital expenditures, working capital, and general corporate purposes.
Existing credit facility with Choice Financial Group terminated in connection with this new facility.

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

Electromed, Inc. incurred credit facility of $10,000,000 revolving line of credit with BMO Bank N.A. at one-month Term SOFR plus 1.75% maturing December 16, 2026.

Instrument: credit facility
Principal: $10,000,000 revolving line of credit
Counterparty: BMO Bank N.A.
Rate: one-month Term SOFR plus 1.75%
Maturity: December 16, 2026
Event: incurrence

Exact text from the filing

The Credit Agreement provides the Company with a senior security credit facility with a $10,000,000 revolving line of credit (the “Credit Facility”). The Credit Agreement provides that the Credit Facility will mature on December 16, 2026. Any borrowings under the Credit Facility will bear interest at one-month Term SOFR plus 1.75%, payable monthly.

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Source: SEC EDGAR

accession 0001437749-25-038291

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