Zynex Secures $22.3 Million DIP Financing Amid Chapter 11 Bankruptcy
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Zynex Inc. has secured $22.3 million in debtor-in-possession (DIP) financing amid its Chapter 11 bankruptcy proceedings. The financing, from holders of the company's 5.00% Convertible Senior Notes due 2026 and other DIP lenders, includes a delayed draw senior secured term loan in three tranches. The funds will cover bankruptcy-related costs and ongoing working capital needs. Wilmington Savings Fund Society, FSB, is the administrative and collateral agent for the facility.
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