Press release
eHealth Announces $125 Million Asset-Based Revolving Credit Facility
Deal Further Strengthens Capital Structure and Better Positions eHealth for Long-Term Success Proceeds Used to Repay Existing Blue Torch Term Loan and Provide
About this update from Ehealth, Inc.
[{"type":"text","content":"Deal Further Strengthens Capital Structure and Better Positions eHealth for Long-Term Success Proceeds Used to Repay Existing Blue Torch Term Loan and Provide Strategic CapitalAUSTIN, Texas, Jan. 6, 2026 /PRNewswire/ -- eHealth, Inc. (Nasdaq: EHTH), a leading private online health insurance marketplace (\"eHealth\"), today announced that its subsidiary, eHealthInsurance Services, Inc. (together with eHealth, the \"Company\"), has entered into a new $125 million asset-based revolving credit facility (the \"Credit Facility\") with Manulife | Comvest Credit Partners (\"Manulife | Comvest\"), a leading middle-market credit investment firm.The Credit Facility provides favorable pricing (SOFR + 6.50%) compared to eHealth's term loan provided by Blue Torch Finance LLC and its lender group (the \"Blue Torch Loan\") and carries a three-year maturity, delivering greater financial flexibility and longer-term stability. The Credit Facility also provides for a flexible borrowing base that can drive an increase in funding of up to $50 million at Manulife | Comvest's option, enhancing access to capital as the Company grows. For complete terms of the Credit Facility, refer to eHealth's Form 8-K filed with the Securities and Exchange Commission today.A portion of the proceeds from the Credit Facility was used to repay in full the approximately $70 million outstanding under the Blue Torch Loan, as well as to pay certain fees and expenses related to the transactions. The Company intends to use the remaining proceeds from the Credit Facility to support strategic growth initiatives, including investments in AI-driven capabilities and omni-channel technology and diversifying the Company's revenue base, and for general corporate purposes.\"This agreement is a significant step in strengthening eHealth's capital structure and positioning the Company for long-term success,\" said Derrick Duke, Chief Executive Officer of eHealth. \"The favorable terms, extended maturity, and flexible borrowing base provide us with the resources and agility to invest in AI-driven innovation, business diversification and other high-ROI opportunities. We are excited to partner with Manulife | Comvest, a firm with a proven track record of supporting middle-market companies, as we execute on our growth strategy.\"The Company remains focused on further improving its capital str...