Zynex Secures $22.3 Million DIP Financing Amid Chapter 11 Bankruptcy

Reuters
12/19
Zynex Secures $22.3 Million DIP Financing Amid Chapter 11 Bankruptcy

Zynex Inc. and certain of its subsidiaries have entered into a new $22.3 million debtor-in-possession $(DIP)$ financing agreement as part of the company's Chapter 11 bankruptcy proceedings. The agreement, reached with certain holders of the company's 5.00% Convertible Senior Notes due 2026 and other DIP lenders, provides for a delayed draw senior secured term loan, available in three tranches: $10.15 million on the initial draw, $5 million on the second, and $7.15 million on the third. The DIP Facility will be used to cover costs related to the bankruptcy case and to fund the company's ongoing working capital needs, in accordance with the terms of the DIP credit agreement and court orders. Wilmington Savings Fund Society, FSB, serves as the administrative and collateral agent for the facility.

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. Zynex Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-122563), on December 18, 2025, and is solely responsible for the information contained therein.

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