Sensus Healthcare secures $15M credit facility with restrictive covenants, blanket lien

Filed June 5, 2026 · Period ending June 2, 2026 · ~1 min read

Key Changes

• high

  Company obtained $15M revolving credit line from City National Bank at SOFR+3%, maturing June 2027, replacing prior Fifth Third facility. Loan secured by $2.23M cash collateral plus blanket lien on all company assets.

  Item 1.01 verify on EDGAR →
• high

  New facility requires bank approval to sell assets outside ordinary business, incur additional debt, create new liens, or remove CEO, President, or CFO—significantly limiting management's strategic flexibility.

  Item 1.01: Loan Agreement verify on EDGAR →
• medium

  Company must maintain debt service coverage ratio of at least 1.50x, meaning cash flow must exceed debt payments by 50%. Breach could trigger default and loan acceleration.

  Item 1.01: Financial Covenant verify on EDGAR →