Chicago Atlantic Secures BBB+ Rating And $50M Loan To Enhance Liquidity In Cannabis Lending
Portfolio Pulse from Nicolás Jose Rodriguez
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) has secured a $50 million unsecured term loan with a BBB+ rating from Egan-Jones. The loan will enhance liquidity for future investments and general corporate purposes, including repaying existing borrowings.
October 23, 2024 | 5:10 pm
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Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) has secured a $50 million unsecured term loan with a BBB+ rating from Egan-Jones. This move is aimed at enhancing liquidity for future investments and repaying existing borrowings, reflecting strong financial management.
The $50 million loan and BBB+ rating enhance Chicago Atlantic's liquidity and creditworthiness, supporting future investments and financial obligations. This is likely to positively impact the stock price as it reflects strong financial management and growth potential in the cannabis sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100