eHealth Announces Extension of Blue Torch Term Loan
eHealth (Nasdaq: EHTH) announced an amendment to its term loan with Blue Torch Finance LLC and lenders that extends the loan maturity to January 29, 2027. The amendment leaves all other key credit terms, including the applicable interest rate, unchanged.
The company said the extension provides additional financial flexibility while it pursues a multi‑phase capital‑structure plan focused on addressing the term loan maturity, leveraging commissions receivable to increase capital access, and resolving its convertible Series A preferred instrument.
eHealth (Nasdaq: EHTH) ha annunciato una modifica al prestito a termine con Blue Torch Finance LLC e i finanziatori che prolunga la scadenza del prestito al 29 gennaio 2027. La modifica lascia invariati tutti gli altri principali termini creditizi, incluso il tasso di interesse applicabile.
L'azienda ha detto che l'estensione offre una maggiore flessibilità finanziaria mentre persegue un piano di struttura del capitale in più fasi mirato ad affrontare la scadenza del prestito a termine, a sfruttare i conti da incassare per aumentare l'accesso al capitale e a risolvere il suo strumento di capitale preferito convertibile di Series A.
eHealth (Nasdaq: EHTH) anunció una enmienda a su préstamo a plazo con Blue Torch Finance LLC y los prestamistas que extiende el vencimiento del préstamo hasta el 29 de enero de 2027. La enmienda mantiene sin cambios todos los demás términos crediticios clave, incluido el tipo de interés aplicable.
La empresa señaló que la prórroga proporciona una mayor flexibilidad financiera mientras persigue un plan de estructura de capital en varias fases enfocado en abordar el vencimiento del préstamo a plazo, aprovechar las cuentas por cobrar por comisiones para aumentar el acceso al capital y resolver su instrumento preferente convertible Serie A.
eHealth (Nasdaq: EHTH)는 Blue Torch Finance LLC 및 대주단과의 기간 대출에 대한 수정안을 발표했으며 대출 만기를 2027년 1월 29일로 연장합니다. 수정안은 적용 이자율을 포함한 다른 주요 신용 조건은 변경하지 않습니다.
회사 측은 이 연장이 기간 대출 만기 해결에 초점을 맞춘 다단계 자본 구조 계획을 추진하는 동안 추가 재무 유연성을 제공하고, 커미션 매출채권을 활용해 자본 접근성을 높이며 전환 가능 Series A 우선주를 해결하는 데 기여한다고 밝혔습니다.
eHealth (Nasdaq: EHTH) a annoncé un amendement à son prêt à terme avec Blue Torch Finance LLC et les prêteurs qui porte l'échéance du prêt à le 29 janvier 2027. L'amendement laisse inchangés tous les autres termes clés du crédit, y compris le taux d'intérêt applicable.
L'entreprise a déclaré que la prolongation offre une flexibilité financière supplémentaire alors qu'elle poursuit un plan de structure du capital en plusieurs phases axé sur le traitement de l'échéance du prêt à terme, l'utilisation des comptes à recevoir de commissions pour accroître l'accès au capital et la résolution de son instrument privilégié convertibles Series A.
eHealth (Nasdaq: EHTH) gab eine Änderung seines term loan mit Blue Torch Finance LLC und Kreditgebern bekannt, die die Laufzeit des Kredits bis zum 29. Januar 2027 verlängert. Die Änderung belässt alle anderen wichtigen Kreditbedingungen, einschließlich des anwendbaren Zinssatzes, unverändert.
Das Unternehmen sagte, die Verlängerung biete zusätzliche finanzielle Flexibilität, während es einen mehrstufigen Kapitalstrukturplan verfolge, der darauf ausgerichtet sei, die Fälligkeit des Term Loan zu adressieren, Provisionseingänge zu nutzen, um den Kapitalzugang zu erhöhen, und sein konvertibles Series-A-Preferred-Instrument zu lösen.
eHealth (Nasdaq: EHTH) أعلنت عن تعديل على قروضها لمدة مع Blue Torch Finance LLC والمُقرضين، والذي يمد مدة استحقاق القرض إلى 29 يناير 2027. لا يعكس التعديل بقية شروط الائتمان الأساسية، بما في ذلك معدل الفائدة المعمول به.
قالت الشركة أن التمديد يوفر مرونة مالية إضافية أثناء سعيها لتنفيذ خطة هيكل رأس مال متعددة المراحل تركز على معالجة استحقاق القرض لمدة، واستغلال الذمم المستحقة مقابل العمولات لزيادة الوصول إلى رأس المال، وحل أداة الأسهم المفضلة القابلة للتحويل من النوع Series A.
eHealth (Nasdaq: EHTH) 宣布对其与 Blue Torch Finance LLC 及贷方的定期贷款进行修订，将贷款到期日延长至 2027 年 1 月 29 日。修订保持所有其他关键信贷条款（包括适用的利率）不变。
公司表示，这一展期在推进多阶段资本结构计划的同时，提供额外的财务灵活性，重点是解决定期贷款到期、利用佣金应收款来增加资本获取，以及解决其可转换 Series A 优先工具。
- Term loan maturity extended to January 29, 2027
- Extension provides additional financial flexibility
- Company prioritizes leveraging commissions receivable to support profitable growth
- Applicable interest rate and other loan terms remain unchanged
- Convertible Series A preferred instrument remains to be addressed
- No new committed capital or quantified liquidity improvement disclosed
Insights
Extension of the term loan to
The amendment moves the maturity of the existing term loan with Blue Torch and its lender group to
Material dependencies remain: successful monetization or financing against the company’s commissions receivable asset, and a resolution of the convertible Series A preferred instrument. Each item could materially alter leverage or cash flow if executed. Watch progress on receivable-based financing and any announced terms or dates for the preferred instrument resolution over the next 3–12 months.
eHealth Reaffirms its Commitment to Enhance Capital Structure Beyond this Deal
"We are pleased to have reached an agreement with our lender group to extend the maturity of our term loan," said Derrick Duke, Chief Executive Officer of eHealth. "This extension provides us with additional financial flexibility as we continue to strengthen our capital structure, execute on our strategic initiatives and position eHealth for long-term success."
eHealth continues to work on and is making progress toward enhancing its capital structure. eHealth's capital strategy is focused on three primary objectives:
- Addressing the term loan maturity date, which has now been achieved.
- Leveraging the Company's sizeable commissions receivable asset to increase access to capital for the purpose of supporting profitable growth in both core Medicare Advantage and diversification areas, which remains a near term priority for the Company.
- Addressing the Company's convertible Series A preferred stock instrument.
Recognizing that building a best-in-class capital structure may require multiple phases, eHealth remains committed to advancing each of these objectives.
Mr. Duke added, "We appreciate the ongoing support of our lenders and are committed to maintaining a strong capital structure. Our management team, together with our Board and external advisors, continues to evaluate all available options to optimize our capital structure and maximize value for our shareholders."
About eHealth, Inc.
We're Matchmakers. For over 25 years, eHealth has helped millions of Americans find the healthcare coverage that fits their needs at a price they can afford. As a leading independent licensed insurance agency and advisor, eHealth offers access to over 180 health insurers, including national and regional companies.
For more information, visit eHealth.com or follow us on LinkedIn, Facebook, Instagram, and X. Open positions can be found on our career page.
Forward Looking Statements
This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include, but are not limited to, statements relating to the following: our expectations regarding our future financial position, financial flexibility and business strategy; our capital strategy and objectives for our future operations, including the expected impact of the Company's term loan amendment announced in this press release on our business, financial condition and results of operations; our continuing efforts to support profitable growth, leverage our commissions receivable asset to increase access to capital, and address our convertible Series A preferred stock instrument, and our ability to achieve our capital strategy, financial objectives and long-term value creation; and other statements regarding our future operations, financial condition, prospects and business strategies.
Forward-looking statements are inherently subject to various risks and uncertainties that could cause actual results to differ materially from the statements made. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include those described in eHealth's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission and available on the investor relations page of eHealth's website at http://www.ehealthinsurance.com and on the Securities and Exchange Commission's website at www.sec.gov.
All forward-looking statements in this press release are based on information available to eHealth as of the date hereof, and eHealth does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.
Contact:
Media
Lara Sasken
Chief Communications Officer
pr@ehealth.com
Investors
Kate Sidorovich, CFA
Senior Vice President, Investor Relations & Corporate Development
investors@ehealth.com
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SOURCE eHealth, Inc.
FAQ
What did eHealth (EHTH) announce on October 7, 2025 about its term loan?
How does the EHTH term loan extension affect the company's financial flexibility?
Does the EHTH amendment change the interest rate or other loan terms?
What capital‑structure priorities did eHealth (EHTH) list after the extension?
Will the EHTH announcement immediately resolve the convertible Series A preferred stock?
