Marijuana MSO Verano ups credit agreement with $120M loan at 8.5%

CANNANNEW REPORT

Chicago-based marijuana multistate operator Verano Holdings Corp. said Wednesday it amended an existing credit agreement to secure an additional $120 million in funding at a lower annual interest rate of 8.5%. The loan brings the total outstanding senior secured term loans under the credit facility to $250 million. The latest funding comes with the option for an additional $100 million. The 8.5% interest rate on the new loan is below the 9.75% annual rate Verano secured for its previous upsized credit facility announced in May. https://mjbizdaily.com/marijuana-mso-verano-ups-credit-agreement-with-120-million-loan-at-8-5-percent/?utm_medium=email&utm_source=newsletter&utm_campaign=MJD_20211021_NEWS_Daily

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Source : Marijuana MSO Verano ups credit agreement with 0M loan at 8.5%

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