Secured Debt Financing

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.

Aurora Cannabis Repurchases US$20 Million of Convertible Notes

Aurora further strengthens its balance sheet with accretive debt reduction.

Aurora Cannabis Repurchases US$20 Million of Convertible Notes

Aurora further strengthens its balance sheet with accretive debt reduction.

Why Debt Financing is on The Rise

As stocks continue to slide, privately placed bonds become an attractive option for investors to stake a claim in the industry.

First Quarter 2022 Capital Markets Review: Debt Financing Remains Dominant Source of Funding

The first quarter of this year saw capital raise transactions and invested capital decline.

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