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iPower Fully Repays JPMorgan ABL, Initiates Termination Of UCC Filings, And Secures 6.5% Bridge Loan To Support Near-Term Flexibility And Long-Term Capital Solutions

Benzinga·12/09/2025 14:21:16
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iPower Inc. (NASDAQ:IPW) ("iPower" or the "Company"), today announced the full repayment of its asset-based lending facility ("ABL") with JPMorgan Chase Bank, N.A. on December 7, 2025. Additionally, the Company has initiated the termination of the related Uniform Commercial Code ("UCC") filings. To facilitate the payoff and provide near-term flexibility, iPower secured a bridge loan bearing interest at 6.5% per annum, with no fees, used largely to retire the ABL while it evaluates longer-term capital solutions.