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Ipower Enters Into $25 Million Credit Facility With Jpmorgan Chase

Ipower Enters Into $25 Million Credit Facility With Jpmorgan Chase

11/15/21, 4:10 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgduarte
Money raised
$25 million
iPower Inc. (Nasdaq:IPW) (“iPower” or the “Company”), one of the leading online hydroponic equipment suppliers and retailers in the United States, has entered into a three-year $25 million secured revolving credit facility with JPMorgan Chase Bank, N.A. The credit facility also provides an accordion feature to borrow an additional $25 million for a total of up to $50 million.

Company Info

Company
I Power
Location
duarte, california, united states
Additional Info
iPower has a diverse customer base that includes both commercial businesses and individuals.