{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-22-019483","form_type":"8-K","ticker":"TSNDF","cik":"0001778129","company_name":"TerrAscend Corp.","filed_at":"2022-10-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.081773+00:00","generated_at":"2026-06-23T04:08:17.787921+00:00","sec_items":["1.01","2.03","3.02"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"TerrAscend enters $45.5M senior secured loan with Pelorus Fund; 9.5%+SOFR, 2027 maturity","bullets":["Principal $45,478,000; maturity Oct 11, 2027; interest at one-month SOFR (floor 2.5%) plus 9.5%, paid monthly.","Loan secured by real property in Boonton, NJ, Phillipsburg, NJ and Hagerstown, MD; guaranteed by TerrAscend and subsidiaries.","Covenant: debt service coverage ratio of 1.75:1.00; failure triggers cash sweep, not an event of default.","Separate $25M promissory note to minority members if loan accelerated; if unpaid after 90 days, up to 16.4M shares may be issued."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-22-019483","json":"https://secwatch.observer/filing/0000950170-22-019483.json","markdown":"https://secwatch.observer/filing/0000950170-22-019483.md","text":"https://secwatch.observer/filing/0000950170-22-019483.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1778129/000095017022019483/0000950170-22-019483-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1778129/000095017022019483/trssf-20221012.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T04:08:17.787921+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}