debt
confidence high
sentiment positive
materiality 0.65
Sanuwave signs $28M J.P. Morgan credit facility, repays $27.5M NH Expansion debt
SANUWAVE Health, Inc.
- $23M secured term loan (4-yr maturity) + $5M revolver backed by receivables, both at SOFR+350bp.
- Total drawn at close ~$24M used to repay $27.5M NH Expansion facility; remaining $3.5M + $1.3M fees paid from cash.
- No prepayment penalties; terms include max leverage 2.50x and min fixed charge coverage 1.25x.
- Proceeds used for working capital and general corporate purposes.
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