eHealth, a private online health insurance marketplace, entered into an amendment to its existing term loan credit agreement with Blue Torch Finance and its lender group. The amendment extends the maturity date of the company’s term loan to Jan. 29, 2027. All other key terms of the credit agreement, including the applicable interest rate, remain unchanged.
“We are pleased to have reached an agreement with our lender group to extend the maturity of our term loan. This extension provides us with additional financial flexibility as we continue to strengthen our capital structure, execute on our strategic initiatives and position eHealth for long-term success,” Derrick Duke, CEO of eHealth, said. “We appreciate the ongoing support of our lenders and are committed to maintaining a strong capital structure. Our management team, together with our board and external advisors, continues to evaluate all available options to optimize our capital structure and maximize value for our shareholders.”
