Ascend Wellness Holdings Closes $235 Million Private Placement of Senior Secured Notes
~ Secures funding with 12.75% coupon and a 5-year term ~
~ Net proceeds refinanced existing Term Loan ~
NEW YORK, July 18, 2024 /PRNewswire/ – Ascend Wellness Holdings, Inc. (“AWH,” “Ascend” or the “Company”) (CSE: AAWH-U.CN) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator, is pleased to announce that it has closed its previously announced private placement of $235 million of 12.75% Senior Secured Notes due 2029 (the “Notes”).
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