Greenbrook TMS, a provider of mental health therapy services, entered into the 23rd amendment to its credit facility with affiliates of Madryn Asset Management. As part of the amendment, the company secured an additional $1,522,843 in senior secured term loans from Madryn under the credit facility. After giving effect to the additional funds, Greenbrook has an aggregate amount of approximately $83 million outstanding under the Credit Facility.

Greenbrook expects to use the proceeds of the new funds for general corporate and working capital purposes. The company is also currently considering additional near-term financing options to address its future liquidity needs.

In addition to providing the new funds, Madryn agreed to extend the period during which the Greenbrook’s minimum liquidity covenant under the credit facility is reduced from $3 million to $300,000 to Feb. 15.