LifeMD Secures $50M Revolving Credit Facility with Citizens Bank.

LifeMD, Inc. has closed a new senior secured revolving credit facility with Citizens Bank, N.A. The facility has a maturity date of January 2, 2029 and provides up to $50 million of total availability, with $30 million committed and an additional $20 million accordion option. No balance was drawn at closing, as the company believes its cash on hand and expected cash flow are sufficient to fund organic growth initiatives. The facility is competitively priced with no upfront fee, providing financial flexibility for potential corporate development or shareholder value creation initiatives.