{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-000525","form_type":"8-K","ticker":"LFMD","cik":"0000948320","company_name":"LifeMD, Inc.","filed_at":"2026-01-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.097783+00:00","generated_at":"2026-05-16T11:36:44.710092+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"LifeMD closes $50M revolving credit facility with Citizens Bank, N.A.","bullets":["Facility provides $30M committed plus $20M accordion; maturity January 2, 2029.","No amount drawn at closing; Company cites sufficient cash flow for organic growth.","Interest based on Term SOFR + 1.50%-2.25% or ABR + 0.50%-1.25%; commitment fee 0.225%-0.30%.","No upfront fee; credit supports corporate development and shareholder value initiatives.","Financial covenants: leverage ratio ≤2.50x, interest coverage ≥3.00x."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-000525","json":"https://secwatch.observer/filing/0001493152-26-000525.json","markdown":"https://secwatch.observer/filing/0001493152-26-000525.md","text":"https://secwatch.observer/filing/0001493152-26-000525.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/948320/000149315226000525/0001493152-26-000525-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/948320/000149315226000525/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T11:36:44.710092+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"059fba4cd8928c7cc7bee230a5eb0b5134d4337f","claim":"LifeMD, Inc. incurred revolving credit of $30 million with Citizens Bank, N.A. at Term SOFR plus 1.50% to 2.25% or Alternate Base Rate plus 0.50% to 1.25% maturing January 2, 2029.","evidence_excerpt":"On January 2, 2026, LifeMD, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) with Citizens Bank, N.A. (the “Lender”), which provides for a senior secured revolving credit facility in an aggregate outstanding amount not exceeding $30 million (the “Credit Facility”) to support potential corporate development and/or shareholder value creation initiatives. The Credit Facility may be increased in the aggregate principal amount of up to $20 million on the terms and subject to the conditions described in the Credit Agreement. In connection with the Credit Agreement, among other things, the Company issued a revolving loan note to the Lender for any loans that may be made under the Credit Facility. Additionally, among other things, the Company and its subsidiaries entered into a pledge and security agreement and a guarantee agreement to provide credit support for the Credit Facility. The Credit Facility matures on January 2, 2029. The terms of the Credit Facility pr","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/948320/000149315226000525/0001493152-26-000525-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$30 million"},{"label":"Counterparty","value":"Citizens Bank, N.A."},{"label":"Rate","value":"Term SOFR plus 1.50% to 2.25% or Alternate Base Rate plus 0.50% to 1.25%"},{"label":"Maturity","value":"January 2, 2029"},{"label":"Event","value":"incurrence"}]},{"claim_id":"719caa8dce6a106951d4f513f67dd4f9d4a9a275","claim":"LifeMD, Inc. entered into Credit Agreement with Citizens Bank, N.A. valued at $30 million (effective 2026-01-02).","evidence_excerpt":"On January 2, 2026, LifeMD, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) with Citizens Bank, N.A. (the “Lender”), which provides for a senior secured revolving credit facility in an aggregate outstanding amount not exceeding $30 million (the “Credit Facility”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/948320/000149315226000525/0001493152-26-000525-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Citizens Bank, N.A."},{"label":"Value","value":"$30 million"},{"label":"Effective","value":"2026-01-02"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}