iPower (IPW) announced the full repayment of its asset-based lending facility with JPMorgan Chase Bank on December 7. Additionally, the Company has initiated the termination of the related Uniform Commercial Code filings. To facilitate the payoff and provide near-term flexibility, iPower secured a bridge loan bearing interest at 6.5% per annum, with no fees, used largely to retire the ABL while it evaluates longer-term capital solutions.
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