iPower Inc. announced the full repayment of its asset-based lending facility with JPMorgan Chase Bank on December 7, 2025. The company has also begun the process of terminating related UCC liens. To facilitate this payoff and provide near-term financial flexibility, iPower secured a bridge loan with an interest rate of 6.5% per annum and no fees. The company stated that these actions are intended to simplify its capital structure and support its growth and profitability objectives.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. iPower Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9599005) on December 09, 2025, and is solely responsible for the information contained therein.