Green Thumb Industries Strategically Refinances Senior Debt with Syndicated Credit Facility
Green Thumb Industries has made headlines by successfully securing a new $150 million five-year credit facility through a syndicated credit facility. This refinancing comes with an impressive interest rate of SOFR + 5.00%, positioning the company favorably in the competitive landscape.
The main objective of this strategic move is to retire existing senior secured debt that is due on April 30, 2024. By leveraging the proceeds from this new facility, Green Thumb Industries not only enhances its financial stability but also aligns itself for future growth in the ever-dynamic market.
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