
Loan & DebtOct 28, 2026, 05:21 PM
SANUWAVE Health: Credit Agreement Amended, Debt Limits Reduced
AI Summary
SANUWAVE Health, Inc. entered into Amendment No. 1 to its Credit Agreement and Waiver. The amendment includes a waiver from lenders for a default related to the fixed charge coverage ratio for the twelve-month period ending September 30, 2026. Additionally, lenders now require written consent for Permitted Acquisitions and Restricted Payments used for equity repurchases. The limits for permitted other secured indebtedness and subsidiary investments were each reduced from $500,000 to $250,000. The company paid a $5,000 amendment fee.
Key Highlights
- Lenders waived default related to fixed charge coverage ratio for the twelve-month period ending September 30, 2026.
- Lenders require written consent for Permitted Acquisitions and Restricted Payments for equity repurchases.
- Permitted other secured indebtedness lowered from $500,000 to $250,000.
- Permitted subsidiary investments lowered from $500,000 to $250,000.
- Company paid a $5,000 amendment fee.
Price Impact
More from SNWV