Ascend Wellness Holdings Enters into Agency Agreement to Issue $15 Million of Senior Secured Notes
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Ascend Wellness Holdings has entered into an agreement with Seaport Global Securities to issue $15 million in senior secured notes, adding to their existing $235 million notes due in 2029.
January 11, 2025 | 12:30 am
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Ascend Wellness Holdings is issuing $15 million in senior secured notes, which will be part of the same series as their existing $235 million notes due 2029. This move could impact the company's credit profile and financial strategy.
The issuance of additional senior secured notes suggests Ascend Wellness is seeking to strengthen its financial position or fund new initiatives. While this could improve liquidity, it also increases debt obligations, which may affect credit ratings and investor perception.
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