TerrAscend Completes $140 Million Debt Financing to Strengthen Financial Position
Friday, 2 August 2024, 13:08
TerrAscend's Successful Debt Financing
TerrAscend has announced the completion of a substantial $140 million debt financing deal that strengthens its financial foundation.
Key Details of the Financing
- The financing is non-dilutive, preserving shareholder equity.
- It features a coupon rate of 12.75%.
- The term of the loan is four years.
- No prepayment penalties are associated with the financing.
Conclusion
This financing structure allows TerrAscend to enhance its operational capabilities while maintaining control over its share distribution. The absence of early repayment penalties provides additional flexibility as the company looks to grow.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.