Prairie Operating Co. shares rise 1.06% intraday after Sanuwave Health announces strategic debt refinancing with J.P. Morgan.

Prairie Operating Co. rose 1.06% in intraday trading, with Sanuwave Health, Inc. announcing a strategic debt refinancing with J.P. Morgan. The new credit facility consists of a four-year term loan of $23 million and a two-year $5 million revolving credit facility, both with an interest rate of SOFR +350bp. The company drew approximately $1 million from the revolver at commencement, resulting in total outstanding debt under the new facility of approximately $24 million. Additionally, Sanuwave announced the repayment in full of its NH Expansion debt facility with the new credit facility from J.P. Morgan and cash on hand.