iPower (US:IPW) Globenewswire·2025-12-09 14:18Core Viewpoint - iPower Inc. has fully repaid its asset-based lending facility with JPMorgan Chase Bank, enhancing its capital structure and positioning for future growth opportunities [1][2]. Financial Actions - The company repaid its asset-based lending facility on December 7, 2025, and has initiated the termination of related Uniform Commercial Code filings [1][6]. - A bridge loan with an interest rate of 6.5% per annum was secured to facilitate the payoff and provide transitional liquidity, with no associated fees [1][6]. Strategic Positioning - The CEO of iPower stated that by retiring the ABL and clearing related liens, the company is positioned to pursue growth opportunities that can significantly enhance its retail operations and adjacent initiatives [2]. - The bridge loan provides a clean and predictable runway for the company as it evaluates longer-term capital solutions aligned with its strategic growth and profitability objectives [2]. Company Overview - iPower Inc. is a technology- and data-driven online retailer that provides value-added e-commerce services for third-party products and brands, operating a nationwide fulfillment network [4]. - The company is expanding its infrastructure across software, logistics, and manufacturing, with plans to pursue initiatives in digital assets and blockchain integration [4].