1. iPower has repaid its asset-based lending facility in full. 2. The company initiated UCC lien terminations after the ABL payoff. 3. iPower secured a 6.5% bridge loan for transitional flexibility. 4. Leadership emphasized a simpler capital structure and growth opportunities. 5. iPower plans to explore long-term capital solutions post-repayment.
FAQ
Why Bullish?
The repayment of debt improves financial health, leading to potential investor confidence. Historically, debt reductions correlate with stock price increases in growing firms.
How important is it?
The article discusses major financial restructuring that likely influences investor perspectives significantly. This situation offers enhanced operational flexibility, critical for growth.
Why Short Term?
Immediate repayment effects can enhance stock attractiveness quickly, influencing investor sentiment. Previous similar situations have seen quick price shifts after debt resolutions.
iPower Inc. Announces Full Repayment of JPMorgan Asset-Based Lending Facility
Published: December 09, 2025
Overview of the Repayment Announcement
iPower Inc. (Nasdaq: IPW), a leading data-driven online retailer, has announced the full repayment of its asset-based lending facility (ABL) with JPMorgan Chase Bank, N.A. This significant financial move took place on December 7, 2025. The company is also initiating the termination of associated UCC filings, signaling a strategic shift towards a more streamlined capital structure.
Details of the Financing Strategy
To facilitate the ABL payoff and enhance short-term liquidity, iPower secured a bridge loan with an interest rate of 6.5% annually, which incurs no additional fees. This loan primarily enables the company to retire the ABL while it continues to explore longer-term capital solutions.
Lawrence Tan, CEO of iPower, stated, “Today we turned the page to a simpler, more flexible capital structure. By retiring the ABL and moving quickly to clear the related liens, we’re positioning iPower to go on offense.” He further emphasized the company’s focus on identified opportunities that could significantly enhance their retail operations and adjacent initiatives.
Transaction Highlights
- Full repayment of the ABL completed on December 7, 2025.
- Initiation of UCC lien terminations related to the legacy facility.
- Secured a 6.5% no-fee bridge loan to strengthen transitional liquidity.
- Expanded flexibility to assess a broader range of financing options aligned with growth priorities.
About iPower Inc.
iPower Inc. (Nasdaq: IPW) is a technology-focused online retailer providing value-added e-commerce services for various third-party products and brands. The company operates a nationwide fulfillment network and is strategically expanding its infrastructure across software, logistics, and manufacturing. iPower is also exploring initiatives in digital assets and blockchain integration.
For more information about the company and its services, visit www.meetipower.com.
Forward-Looking Statements
All statements in this press release, other than historical facts, are considered forward-looking statements. These statements involve known and unknown risks, uncertainties, and are based on current expectations regarding future events and financial trends affecting iPower's financial condition and business strategies. Words like "may," "will," "expect," "anticipate," and similar expressions help identify these forward-looking statements. iPower does not undertake any obligation to update these statements except as required by law, and actual results may differ materially from expectations.
Contact Information
For media and investor inquiries, please contact: IPW.IR@meetipower.com