Sanuwave refinances debt with new credit facility
Source: SeekingAlpha
2025-09-26 10:46:52 ET
- Sanuwave Health ( NASDAQ: SNWV ) has announced the refinancing of its $27.5M debt facility with a $23.0M new secured credit facility from J.P. Morgan, 1.0M withdrawn from a two-year $5.0M revolving credit facility, and the remainder was repaid using cash accumulated from the company’s operations and from its sale of certain intravascular shockwave patents.
- The $23.0M loan will amortize over a four-year period, and a two-year $5.0M receivables are backed by a revolving credit facility.
- The new credit facility will have an interest rate of SOFR (Secured Overnight Financing Rate) +350bp and neither facility has any prepayment penalties.
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Sanuwave refinances debt with new credit facility
SANUWAVE Health Inc.
NASDAQ: SNWV
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