Electromed Secures $10 Million Credit Facility from BMO Bank
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Electromed Inc. has secured a $10 million revolving line of credit from BMO Bank N.A., maturing on December 16, 2026. The facility will accrue interest at one-month Term SOFR plus 1.75%, with interest payable monthly. The agreement is backed by a first priority security interest in substantially all of Electromed’s assets and includes customary covenants and events of default. The funds may be used for capital expenditures, working capital, and general corporate purposes. Electromed terminated its previous credit facility with Choice Financial Group.
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