Hims & Hers Health, Inc.
Hims & Hers Health Enters into Receivables Purchase Agreement and Amends Credit Agreement
Summary
Hims & Hers Health, Inc. has entered into a Master Receivables Purchase Agreement (RPA) with JPMorgan Chase Bank, N.A., allowing its subsidiaries to sell eligible receivables for cash. The company has also amended its existing Revolving Credit and Guaranty Agreement to permit the new financial arrangement. The amendment includes updates to permitted indebtedness, lien, and collateral provisions. The company has further agreed to a Performance Undertaking to guarantee the performance of the sellers under the RPA.
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About Hims & Hers Health, Inc.
Hims & Hers Health, Inc. is a telehealth service provider that aims to simplify and enhance healthcare access for consumers. The company specializes in personal care and wellness products and services, offering both prescription and over-the-counter solutions. With a focus on destigmatizing health and wellness issues, Hims & Hers addresses areas such as dermatology, sexual health, hair care, and mental wellness, appealing to a broad demographic looking for convenient and private healthcare options. By facilitating online consultations with licensed medical professionals, the company allows users to receive medical advice, treatments, and prescriptions, all accessible from the comfort of their homes. Hims & Hers plays a significant role in the growing digital healthcare market, leveraging technology to provide more accessible and personalized healthcare experiences. Headquartered in San Francisco, the company capitalizes on the increase in demand for telehealth services, buoyed by advancements in digital health trends and the expanding e-commerce space for healthcare solutions.
Official SEC Documents
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