---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-042942"
form_type: "8-K"
ticker: "SNWV"
cik: "0001417663"
company_name: "SANUWAVE Health, Inc."
filed_at: "2025-09-26T23:59:59+00:00"
generated_at: "2026-05-17T05:33:09.322120+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sanuwave signs $28M J.P. Morgan credit facility, repays $27.5M NH Expansion debt

## Summary
- $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.

## SEC filing metadata
- accession: 0001628280-25-042942
- form_type: 8-K
- ticker: SNWV
- cik: 0001417663
- company_name: SANUWAVE Health, Inc.
- filed_at: 2025-09-26T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1417663/000162828025042942/0001628280-25-042942-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1417663/000162828025042942/snwv-20250925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-042942
- JSON: https://secwatch.observer/filing/0001628280-25-042942.json
- Plain text: https://secwatch.observer/filing/0001628280-25-042942.txt

## Key facts
- Debt Financings
  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
  source text: and a $5.0 million secured revolving credit facility (the "Revolver" and together with the Term Loan, the "Facility") that matures September 25, 2027
  evidence_url: https://www.sec.gov/Archives/edgar/data/1417663/000162828025042942/0001628280-25-042942-index.htm
- Debt Financings
  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
  source text: The Credit Agreement provides for a $23.0 million secured term loan (the "Term Loan") that matures September 25, 2029
  evidence_url: https://www.sec.gov/Archives/edgar/data/1417663/000162828025042942/0001628280-25-042942-index.htm

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