Glass House Brands Announces New $50 Million Senior Secured Loan
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Glass House Brands has secured a new $50 million senior secured loan maturing in 2030, replacing a previous loan due in 2026. The new loan has a lower interest rate of 8.58% and provides a net cash inflow of $8.1 million.
March 03, 2025 | 12:45 pm
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Glass House Brands has secured a new $50 million senior secured loan with a fixed interest rate of 8.58%, maturing in 2030. This replaces a previous loan due in 2026, providing a net cash inflow of $8.1 million and preserving $13.1 million in principal payments until 2025.
The new loan provides financial flexibility by extending the maturity date and reducing interest expenses. The net cash inflow and deferred principal payments improve liquidity, which is positive for the company's financial health.
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