Tag: CBT > Business Issues/ Benchmarks > Secured Debt Financing

Finance

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.

September 12, 2024

Finance

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.

July 15, 2024

Finance

4Front Ventures Transforms Balance Sheet; Names New CEO

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

January 9, 2024

Finance

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.

December 21, 2022

Finance

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.

December 1, 2022

Secured Debt Financing

When Bankruptcy Is Not an Option

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

August 2, 2022

Secured Debt Financing

Aurora Cannabis Repurchases US$20 Million of Convertible Notes

Aurora further strengthens its balance sheet with accretive debt reduction.

July 5, 2022

Finance

Aurora Cannabis Repurchases US$20 Million of Convertible Notes

Aurora further strengthens its balance sheet with accretive debt reduction.

June 3, 2022

Funding Cannabis Businesses

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.

June 2, 2022

Interviews & Opinion

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.

June 2, 2022

Finance

Mitigating Lenders' Risk: It’s Not Easy Selling a Cannabis Company for Parts

Collateral agreements are complicated in cannabis’s federally illegal limbo.

May 31, 2022

Investors in the Cannabis Market

Debt Markets and Cannabis Firms Find Each Other

Amid sagging equity valuations, growers find a ready funding source in private-placement bonds.

April 28, 2022