On February 22, 2023, Allied Healthcare Products, Inc. entered into an amendment to the Company's Loan and Security Agreement with Summit Financial Resources, LLC dated effective February 27, 2017. The Amendment is effective as of February 19, 2023 and amends the Credit Agreement as follows: The maturity date of the Credit Agreement was extended from February 20, 2023 to March 10, 2023. In consideration of the extension of the maturity date, the Company will pay an extension fee to the lender of up to $42,500 as follows: A first installment of $8,000 paid upon signing of the amendment, A second installment of $14,500 payable on February 28, 2023, and A third installment of $20,000 payable on March 6, 2023, provided that if the entire loan balance is paid down by March 3, 2023, this installment will be waived.
Allied Healthcare Products, Inc.
Equities
AHPIQ
US0192222075
Advanced Medical Equipment & Technology
Market Closed -
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- Allied Healthcare Products, Inc. Enters into an Amendment to the Loan and Security Agreement with Summit Financial Resources, LLC