SANUWAVE Health, Inc. (SNWV): debt financing — 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.

item 1.01 item 1.02 item 2.03 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

SANUWAVE Health, Inc. incurred revolving credit of $5.0 million secured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent at term rate based upon the secured overnight financing rate (“SOFR”) plus a margin maturing September 25, 2027.

Instrument: revolving credit
Principal: $5.0 million secured revolving credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Rate: term rate based upon the secured overnight financing rate (“SOFR”) plus a margin
Maturity: September 25, 2027
Event: incurrence

Exact text from the filing

and a $5.0 million secured revolving credit facility (the "Revolver" and together with the Term Loan, the "Facility") that matures September 25, 2027

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

SANUWAVE Health, Inc. incurred credit facility of $23.0 million secured term loan with JPMorgan Chase Bank, N.A., as administrative agent at term rate based upon the secured overnight financing rate (“SOFR”) plus a margin maturing September 25, 2029.

Instrument: credit facility
Principal: $23.0 million secured term loan
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Rate: term rate based upon the secured overnight financing rate (“SOFR”) plus a margin
Maturity: September 25, 2029
Event: incurrence

Exact text from the filing

The Credit Agreement provides for a $23.0 million secured term loan (the "Term Loan") that matures September 25, 2029

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SANUWAVE Health, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-042942

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