eHealth, Inc. announced a new $125 million asset-based revolving credit facility with Manulife | Comvest Credit Partners.
The facility aims to strengthen eHealth's capital structure and provide long-term stability.
Proceeds will be used to repay existing Blue Torch Term Loan and support strategic growth initiatives.
Improved Financial Flexibility
The new Credit Facility provides favorable pricing and extended maturity compared to the Blue Torch Loan.
Strategic Investments Planned
Proceeds will be utilized for AI-driven capabilities, technology investments, and diversifying revenue sources.
Partnership with Manulife | Comvest
The collaboration with Manulife | Comvest enhances access to capital and supports eHealth's growth strategy.
- The Credit Facility is a significant step in positioning eHealth for long-term success.
- It allows the company to invest in innovation, diversification, and high-ROI opportunities.
- The flexible borrowing base provides additional funding options as the Company expands.
eHealth continues to focus on improving its capital structure and enhancing governance to support long-term planning and stockholder value.