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iPower Announces Repayment of JPMorgan Asset-Based Lending Facility and Begins Related UCC Lien Terminations
RANCHO CUCAMONGA, Calif., Dec. 09, 2025 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), today announced the full repayment of its asset-based lending facility (“ABL”) with JPMorgan Chase Bank, N.A. on December 7, 2025. Additionally, the Company has initiated the termination of the related Uniform Commercial Code (“UCC”) filings. To facilitate the payoff and provide near-term flexibility, iPower secured a bridge loan bearing interest at 6.5% per annum, with no fees, used largely to retire the ABL while it evaluates longer-term capital solutions.