LifeMD Secures $50M Revolving Credit Facility with Citizens Bank

LifeMD, a virtual primary care and pharmacy services provider, closed a $50 million revolving credit facility with Citizens Bank, N.A. The facility has a maturity date of January 2, 2029, with no balance drawn at closing. The company believes its cash on hand and expected cash flow are sufficient to fund organic growth initiatives. The revolving credit facility provides financial flexibility to support potential corporate development and shareholder value creation initiatives.