SANUWAVE Health secures covenant waiver under JPMorgan-led credit agreement
SNWV•SANUWAVE Health amended its credit agreement with JPMorgan Chase Bank on Oct. 28, 2026, and lenders waived defaults tied to a fixed charge coverage ratio shortfall for the 12 months ended Sept. 30, 2026. The amendment tightens certain borrowing and investment limits to $250,000 from $500,000 and carries a $5,000 fee.
1. Waiver and amendments
SANUWAVE Health amended its Sept. 25, 2025, credit agreement with JPMorgan Chase Bank, as administrative agent. Lenders waived defaults arising from a fixed charge coverage ratio shortfall for the 12 months ended Sept. 30, 2026.
2. Revised agreement terms
Permitted Acquisitions and Restricted Payments used for equity repurchases now require lenders’ written consent, subject to exceptions. Limits on other secured indebtedness and subsidiary investments each fell to $250,000 from $500,000. SANUWAVE Health agreed to pay a $5,000 amendment fee.
