---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-008607"
form_type: "8-K"
ticker: "LFMD"
cik: "0000948320"
company_name: "LifeMD, Inc."
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T20:40:26.854241+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# LifeMD closes $40M senior secured credit facility with Avenue Capital; $15M drawn upfront

## Summary
- LifeMD closed $40M senior secured credit facility with Avenue Capital; initial $15M funded at closing.
- Interest rate: greater of Prime+4.75% or 12.50%; maturity Oct 1, 2026, with 18-24 month interest-only period.
- Issued warrants for 967,742 shares of common stock at $1.24 per share.
- Second tranche $5M available in Q4 2023; accordion option for additional $20M subject to mutual approval.
- Management states financing strengthens balance sheet and provides sufficient capital for long-term needs.

## SEC filing metadata
- accession: 0001493152-23-008607
- form_type: 8-K
- ticker: LFMD
- cik: 0000948320
- company_name: LifeMD, Inc.
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/948320/000149315223008607/0001493152-23-008607-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/948320/000149315223008607/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-008607
- JSON: https://secwatch.observer/filing/0001493152-23-008607.json
- Plain text: https://secwatch.observer/filing/0001493152-23-008607.txt

## Key facts
- Debt Financings
  LifeMD, Inc. incurred credit facility of up to $40 million with Avenue Venture Opportunities Fund II, L.P. and Avenue Venture Opportunities Fund, L.P. at variable rate per annum equal to the greater of (i) the sum of 4.75% plus the Pr maturing October 1, 2026.
  - Instrument: credit facility
  - Principal: up to $40 million
  - Counterparty: Avenue Venture Opportunities Fund II, L.P. and Avenue Venture Opportunities Fund, L.P.
  - Rate: variable rate per annum equal to the greater of (i) the sum of 4.75% plus the Pr
  - Maturity: October 1, 2026
  - Event: incurrence
  source text: On March 21, 2023, LifeMD, Inc. (the “Company”) entered into and closed on a Loan and Security Agreement (the “Loan Agreement”) with Avenue Venture Opportunities Fund II, L.P. and Avenue Venture Opportunities Fund, L.P. (together with Avenue Venture Opportunities Fund II, L.P., the “Lenders”), and a Supplement to the Loan Agreement (the “Supplement”), pursuant to which the Lenders made available to the Company a senior secured credit facility with an aggregate principal amount of up to $40 million (the “Credit Facility”), consisting of an initial advance of $15 million drawn by the Company on March 21, 2023 and an additional commitment to make loans of up to $5 million in the fourth quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/948320/000149315223008607/0001493152-23-008607-index.htm
- Material Agreements
  LifeMD, Inc. entered into Loan and Security Agreement with Avenue Venture Opportunities Fund II, L.P. and Avenue Venture Opportunities Fund, L.P. valued at $40,000,000 (effective 2023-03-21).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Avenue Venture Opportunities Fund II, L.P. and Avenue Venture Opportunities Fund, L.P.
  - Value: $40,000,000
  - Effective: 2023-03-21
  source text: On March 21, 2023, LifeMD, Inc. (the “Company”) entered into and closed on a Loan and Security Agreement (the “Loan Agreement”) with Avenue Venture Opportunities Fund II, L.P. and Avenue Venture Opportunities Fund, L.P. (together with Avenue Venture Opportunities Fund II, L.P., the “Lenders”), and a Supplement to the Loan Agreement (the “Supplement”), pursuant to which the Lenders made available to the Company a senior secured credit facility with an aggregate principal amount of up to $40 million (the “Credit Facility”), consisting of an initial advance of $15 million drawn by the Company on March 21, 2023 and an additional commitment to make loans of up to $5 million in the fourth quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/948320/000149315223008607/0001493152-23-008607-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.