Sensus Healthcare enters $15 million revolving credit facility with City National Bank
Sensus Healthcare entered a Loan Agreement dated June 2, 2026, with City National Bank of Florida for a revolving credit facility of up to $15,000,000, secured by all company assets and $2,230,000 in cash collateral. The filing states the facility replaces a prior facility from Fifth Third Bank, which has been terminated, and lists lender consent requirements for asset sales, new debt, liens and removal of key officers.
Key points
- Maximum borrowings of $15,000,000; advances bear SOFR plus 3% per annum and mature June 5, 2027 unless extended by mutual agreement
- Loan secured by $2,230,000 in cash collateral and a security interest in all company assets
- Lender consent required for non-ordinary-course asset sales, additional debt, new liens, or removal of the CEO, President or CFO
- Financial covenant requires a minimum debt service coverage ratio of 1.50
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.