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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
J.P. Morgan Provides Strategic Debt Refinancing for Sanuwave Health
Monday, September 29, 2025
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Lenders/Participants
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J.P. Morgan Bank [Lender]
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Structure
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$23MM Term Loan; $5MM Revolving Credit Facility
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Amount
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$28.000
Million
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Borrower(s)
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Sanuwave Health
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Description
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refinanced its $27.5 million debt facility with NH Expansion Credit Fund Holdings LP (“NH Expansion”) with a new secured credit facility from J.P. Morgan consisting of a $23.0 million term loan, which amortizes over four years and a two-year $5.0 million receivables backed revolving credit facility from which the Company drew approximately $1.0 million at closing. Both facilities have an interest rate of SOFR (Secured Overnight Financing Rate) +350bp and neither facility has any prepayment penalties.
The use of proceeds for the $24 million borrowing at closing was the partial repayment of the NH Expansion debt facility. The remaining $3.5 million owed on the NH Expansion debt facility and additional transaction and initiation costs (including costs to close out the NH Expansion debt facility) of approximately $1.3 million were repaid using cash accumulated from the Company’s operations and from its sale of certain intravascular shockwave patents disclosed in the Company’s Current Report on 8-K filed on August 21, 2025.
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Industry
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Healthcare
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Location
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MN
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| Related Tags |
Healthcare, J.P. Morgan Bank
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ABL Advisor
Deal Tables
2025
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