Better Choice Company, an animal health and wellness company, increased its term loan credit facility capacity from $6 million to $7.5 million with its current lender, Wintrust. The terms of the agreement remain unchanged, carrying an interest rate of Libor plus 250 basis points and scheduled to mature on January 6, 2024.

Scott Lerner, Chief Executive Officer of Better Choice, commented, "We appreciate the continued support provided by Wintrust, along with their confidence in our future performance, further reaffirming the intrinsic long-term value of the company. As a growth company, the expanded working capital availability to our term-loan at a low cost of capital, will well-position us to achieve our next phase of growth from our anticipated product launches in 2022 and beyond.”

“We are squarely focused on achieving the performance targets indicated in our five-year strategic plan, as robust growth across the animal health and wellness industry continues. Our team is focused on delivering in-demand high-quality products to accelerate sales growth, ultimately trending towards increased cash flow and profitability," concluded Mr. Lerner.