iPower (IPW) announced the renewal of its secured revolving credit facility with JPMorgan Chase, extending the maturity by three years to November 2027.The new facility has a revolving commitment of $15.0 million, with an accordion feature to obtain additional lender commitments to increase the facility size up to $40.0 million in the aggregate. Under the new agreement, the interest on borrowings will be based on SOFR plus 2.25% – 2.50%.
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