Zynex Secures $22.3 Million DIP Financing Amid Chapter 11 Bankruptcy

Reuters05:31

Zynex Secures $22.3 Million DIP Financing Amid Chapter 11 Bankruptcy

Zynex Inc. and certain of its subsidiaries have entered into a new $22.3 million debtor-in-possession $(DIP)$ financing agreement as part of the company's Chapter 11 bankruptcy proceedings. The agreement, reached with certain holders of the company's 5.00% Convertible Senior Notes due 2026 and other DIP lenders, provides for a delayed draw senior secured term loan, available in three tranches: $10.15 million on the initial draw, $5 million on the second, and $7.15 million on the third. The DIP Facility will be used to cover costs related to the bankruptcy case and to fund the company's ongoing working capital needs, in accordance with the terms of the DIP credit agreement and court orders. Wilmington Savings Fund Society, FSB, serves as the administrative and collateral agent for the facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zynex Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-122563), on December 18, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2592318454?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-19 05:31","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2592318454","market":"us","top_or_hot":-1,"title":"Zynex Secures $22.3 Million DIP Financing Amid Chapter 11 Bankruptcy","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Zynex Secures $22.3 Million DIP Financing Amid Chapter 11 Bankruptcy\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Zynex Inc. and certain of its subsidiaries have entered into a new $22.3 million debtor-in-possession <a href=\"https://laohu8.com/S/DIP\">$(DIP)$</a> financing agreement as part of the company's Chapter 11 bankruptcy proceedings. The agreement, reached with certain holders of the company's 5.00% Convertible Senior Notes due 2026 and other DIP lenders, provides for a delayed draw senior secured term loan, available in three tranches: $10.15 million on the initial draw, $5 million on the second, and $7.15 million on the third. The DIP Facility will be used to cover costs related to the bankruptcy case and to fund the company's ongoing working capital needs, in accordance with the terms of the DIP credit agreement and court orders. Wilmington Savings Fund Society, FSB, serves as the administrative and collateral agent for the facility.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zynex Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-122563), on December 18, 2025, and is solely responsible for the information contained therein.</span></i>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zynex Secures $22.3 Million DIP Financing Amid Chapter 11 Bankruptcy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZynex Secures $22.3 Million DIP Financing Amid Chapter 11 Bankruptcy\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-12-19 05:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Zynex Secures $22.3 Million DIP Financing Amid Chapter 11 Bankruptcy\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Zynex Inc. and certain of its subsidiaries have entered into a new $22.3 million debtor-in-possession <a href=\"https://laohu8.com/S/DIP\">$(DIP)$</a> financing agreement as part of the company's Chapter 11 bankruptcy proceedings. The agreement, reached with certain holders of the company's 5.00% Convertible Senior Notes due 2026 and other DIP lenders, provides for a delayed draw senior secured term loan, available in three tranches: $10.15 million on the initial draw, $5 million on the second, and $7.15 million on the third. The DIP Facility will be used to cover costs related to the bankruptcy case and to fund the company's ongoing working capital needs, in accordance with the terms of the DIP credit agreement and court orders. Wilmington Savings Fund Society, FSB, serves as the administrative and collateral agent for the facility.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zynex Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-122563), on December 18, 2025, and is solely responsible for the information contained therein.</span></i>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ZYXI","symbol_name":"Zynex, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251218:nNDLb1t3M9:1","article_id":"2592318454","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2592318454","pubTimestamp":1766093468,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Zynex Inc. and certain of its subsidiaries have entered into a new $22.3 million debtor-in-possession  financing agreement as part of the company's Chapter 11 bankruptcy proceedings. The agreement, reached with certain holders of the company's 5.00% Convertible Senior Notes due 2026 and other DIP lenders, provides for a delayed draw senior secured term loan, available in three tranches: $10.15 million on the initial draw, $5 million on the second, and $7.15 million on the third. The DIP Facility will be used to cover costs related to the bankruptcy case and to fund the company's ongoing working capital needs, in accordance with the terms of the DIP credit agreement and court orders. Wilmington Savings Fund Society, FSB, serves as the administrative and collateral agent for the facility.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ZYXI":"Zynex, Inc.","BK4082":"医疗保健设备","LU0566484027.USD":"安本美国小盘成长股","BK4211":"区域性银行","BK4195":"互助储蓄与抵押信贷金融服务","LU1559883803.SGD":"Aberdeen Standard SICAV I - North American Smaller Companies Fund A Acc SGD-H","WSFS":"WSFS金融"},"translate_title":"Zynex在破产法第11章破产中获得2230万美元的DIP融资","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZYXI":0.9,"WSFS":0.9},"content_text":"Zynex Secures $22.3 Million DIP Financing Amid Chapter 11 Bankruptcy\n    \n\n        Zynex Inc. and certain of its subsidiaries have entered into a new $22.3 million debtor-in-possession $(DIP)$ financing agreement as part of the company's Chapter 11 bankruptcy proceedings. The agreement, reached with certain holders of the company's 5.00% Convertible Senior Notes due 2026 and other DIP lenders, provides for a delayed draw senior secured term loan, available in three tranches: $10.15 million on the initial draw, $5 million on the second, and $7.15 million on the third. The DIP Facility will be used to cover costs related to the bankruptcy case and to fund the company's ongoing working capital needs, in accordance with the terms of the DIP credit agreement and court orders. Wilmington Savings Fund Society, FSB, serves as the administrative and collateral agent for the facility.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zynex Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-122563), on December 18, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2592318454","isCrawlerRequest":true}