DionyMed Brands Inc. announced it has signed a definitive agreement for a two-year, up to USD 40 million senior secured credit facility from a syndicate of investors. The credit facility consists of a USD 15 million term loan facility and a USD 25 million asset-backed loan facility. DionyMed will draw USD 13 million following the completion of certain conditions to the satisfaction of the investors. Currently, the syndicate of investors have committed to provide USD 13 million of the credit facility. Future commitments from existing or future lenders are expected for the full amount. Amounts drawn under the facility will be guaranteed by DionyMed and its subsidiaries and will be secured by all assets of DionyMed and each subsidiary, including, inventory, trade receivables and real property. This credit facility will be used for acquisitions, capital expenditures, refinancing existing debt, working capital and general corporate purposes.