Deal Summary

iPower

$15,000,000

Revolving Credit Facility (with Accordion)

JPMorgan Chase

Deal Notes:

iPower renewed its secured revolving credit facility with JPMorgan Chase, extending the maturity by three years to November 2027. The facility has a revolving commitment of $15 million, with an accordion feature to increase the size up to $40 million. Interest on borrowings is based on SOFR plus 2.25%Ð2.50%.

Industry:

E-commerce

Role:

Lender

Event:

Recapitalization

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