Greenbrook TMS Inc. announced that it has entered into the twenty-fifth amendment to the Company?s credit facility with affiliates of Madryn Asset Management, LP. As part of the Amendment, the Company secured an additional USD 2,538,071 in senior secured term loans from Madryn under the Credit Facility (the ?New Loan?). After giving effect to the New Loan, the Company has an aggregate amount of approximately USD 87 million outstanding under the Credit Facility.

The proceeds of the New Loan are expected to be used by the Company for general corporate and working capital purposes. The Company is also currently considering additional near-term financing options to address its future liquidity needs. The Amendment also extends the period during which the Company?s minimum liquidity covenant is reduced from USD 3,000,000 to USD 300,000 to March 15, 2024.