Vapotherm Inc (VAPO) has provided an announcement.
Vapotherm, Inc. has secured a new $4.0 million senior secured term loan B facility with SLR Investment Corp. and other lenders, featuring a floating interest rate comprised of a fixed margin plus the 1-month CME Term SOFR rate. This facility, which matures on July 26, 2024, offers no scheduled principal amortization and is subject to lender approval. It shares the same guarantees and security as existing credit facilities within the amended agreement.
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