AYR Wellness Defers $69M Of Promissory Note Payments
Portfolio Pulse from Vuk Zdinjak
AYR Wellness has reached contingent agreements to defer principal or amortization payments for 2 years on an aggregate principal amount of approximately $69 million of debt obligations. This includes $60.5 million of vendor take-back promissory notes and $4.5 million of other promissory notes. The company has also deferred a $4 million amortization payment due in December 2023.
June 26, 2023 | 12:57 pm
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AYR Wellness has deferred $69 million of debt obligations, potentially improving its short-term financial position.
The deferral of $69 million in debt obligations, including vendor take-back promissory notes and other promissory notes, will likely improve AYR Wellness's short-term financial position by reducing immediate cash outflows. This could have a positive impact on the company's stock price in the short term.
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