iPower Inc. announced the full repayment of its asset-based lending facility with JPMorgan Chase Bank, N.A.
The company has initiated the termination of related Uniform Commercial Code filings.
To facilitate the payoff, iPower secured a bridge loan bearing interest at 6.5% per annum.
ABL Repayment
The company repaid the ABL in full on December 7, 2025.
UCC Lien Terminations
Initiated actions to terminate UCC liens related to the legacy facility.
Bridge Loan
Secured a 6.5% no-fee bridge loan to fund the payoff and provide transitional liquidity.
Enhanced Flexibility
Expanded flexibility to evaluate a broader range of financing alternatives aligned with growth priorities.
- The repayment of the ABL and initiation of UCC lien terminations signal a strategic move towards a simpler and more flexible capital structure.
- Securing the bridge loan provides iPower with short-term financial flexibility while they assess longer-term capital solutions.
- The actions taken position iPower to focus on advancing their retail engine and adjacent initiatives with cost discipline and execution in mind.
iPower's recent financial transactions demonstrate a strategic shift towards optimizing its capital structure and pursuing growth opportunities while maintaining financial discipline and flexibility.