TerrAscend Cannabis Wraps Up $140M Debt Financing, 'No Other Material Debt Maturing' Until 2027, Says Exec Chairman
Portfolio Pulse from Jelena Martinovic
TerrAscend Corp. has secured a $140 million senior secured term loan from FocusGrowth Asset Management, with no other material debt maturing until 2027. The loan will help retire existing indebtedness and support potential M&A transactions.
August 02, 2024 | 2:44 pm
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TerrAscend Corp. has secured a $140 million loan, which will help retire existing debt and support potential M&A transactions. This strengthens the company's balance sheet and provides financial flexibility.
The $140 million loan will help TerrAscend retire existing debt and support potential M&A transactions, which is positive for the company's financial health and growth strategy. The absence of material debt maturing until 2027 further strengthens its financial position.
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