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business13h ago
Strata Critical Medical Signs Multiple Financing Agreements
- Strata Critical Medical signed a secured asset-based revolving credit facility to bolster liquidity with JPMorgan Chase as administrative agent.
- The ABL facility offers up to $30 million with a potential $20 million increase and matures on January 30, 2029.
- Interest is Term SOFR plus 2.00% with a 0.25% unused line fee, plus a letters of credit feature.
- A Pledge and Security Agreement grants first-priority liens on substantially all personal property to secure the facility.
- Two agreements with JPMorgan Chase as Administrative Agent govern the ABL facility and security.
- The agreements are designed to enhance liquidity for working capital and general purposes.
- The signing date is January 30, 2026, with a three-year term for the agreements.
- TradingView notes the summary is AI-generated and may require verification against the SEC filings.
- The ABL facility includes a security agreement and first-priority liens on substantially all personal property.
- The note mentions JPMorgan Chase as Administrative Agent and a group of lenders for the ABL facility.
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