LifeVantage Announces $10 Million 3-Year Loan With Zions Bank0
SALT LAKE CITY, April 04, 2016 — LifeVantage Corporation (Nasdaq:LFVN), announced today that it has entered into a new $10 million three-year term loan credit package with Zions Bank. Proceeds from the new credit agreement, along with cash on hand, will be used to repay the company’s existing higher interest rate term loan with TCW.
“We are very pleased to partner with Zions Bank on our new credit agreement,” said LifeVantage Chief Financial Officer, Mark Jaggi. “The new term loan offers a significantly reduced interest rate than our prior credit agreement, and more appropriately reflects our favorable financial position and strong cash flows.”