LifeMD (LFMD) announced the closing of a new senior secured revolving credit facility with Citizens Bank. The facility has a maturity date of January 2, 2029 and provides for up to $50M of total availability consisting of $30M of committed availability with an additional accordion option of up to $20M. As of closing, no balance was drawn on the RCF as the Company believes its cash on hand and expected cash flow are sufficient to fund its organic growth initiatives.
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