iPower Renews Credit Facility with JPMorgan Chase
iPower Inc. (IPW)
Company Research
Source: GlobeNewswire
RANCHO CUCAMONGA, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven ecommerce services provider and online retailer, today 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%. “We are pleased to renew our credit facility with a leading institution like JPMorgan Chase, which underscores their confidence in our strategy and long-term vision,” said Lawrence Tan, CEO of iPower. “This new facility is an essential component of our capital structure as it provides us with the flexibility to fund our growth and advance our strategic initiativ
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- iPower Reports Fiscal First Quarter 2025 Results [Yahoo! Finance]Yahoo! Finance
- iPower Reports Fiscal First Quarter 2025 ResultsGlobeNewswire
- iPower Inc. (NYSE: IPW) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
IPW
Earnings
- 9/19/24 - Beat
IPW
Sec Filings
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 8-K
- 11/13/24 - Form 8-K
- IPW's page on the SEC website