Secured Debt Financing

The Cannabist Co. Further Extends Forbearance Agreement With Senior Noteholders

Green Thumb Industries Announces Additional $50 Million Senior Debt Financing

The company increased its five-year syndicated credit facility at an industry-leading rate of SOFR+500.

Trulieve Completes Redemption of $368M 8% Senior Secured Notes Due 2026

The company used roughly $373 million in cash for the redemption.

AYR Wellness Announces Commencement of Restructuring Support Agreement Article 9 Proceedings

AYR continues to work cooperatively with the senior noteholders and its stakeholders in furtherance of the RSA.

TerrAscend Completes $79 Million Non-Dilutive Debt Financing

The proceeds from the transition were used to retire $68 million of existing debt, with the remainder designated for future growth initiatives.

Vireo Growth Refinances Senior Secured Debt Through $120M Loan

The cannabis company also expanded its consolidated credit facilities with an additional $33 million second lien term loan.

Green Thumb Industries Refinances Senior Debt, Closing on $150 Million Syndicated Credit Facility

The cannabis company intends to use the proceeds along with existing cash to retire its $225 million senior secured debt.

Ascend Wellness Holdings Signs Definitive Agreements to Issue $235 Million of Senior Secured Notes

The company secured funding with a 12.75% coupon and a five-year term; the net proceeds will refinance an existing term loan.

4Front Ventures Transforms Balance Sheet; Names New CEO

The Pheonix-based multistate cannabis operator entered into a conditional agreement with its senior secured lender.

TerrAscend Announces Amendment of Pennsylvania Credit Agreement

The amendment will reduce the company’s debt by $35 million and annual interest expense by $5 million.

TerrAscend Reduces Outstanding Debt by US$30 Million

The company elected to pay down $30 million of its maturing $55 million senior secured Michigan loan, refinancing the remaining $25 million.

When Bankruptcy Is Not an Option

With federal bankruptcy out of reach, cannabis businesses face limited choices when they fail, though some are workable.

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