---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-025837"
form_type: "8-K"
ticker: "TSNDF"
cik: "0001778129"
company_name: "TerrAscend Corp."
filed_at: "2022-11-30T23:59:59+00:00"
generated_at: "2026-06-21T11:45:29.495623+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# TerrAscent enters $25M senior secured credit amendment, repays $55M existing debt

## Summary
- Borrowed $25M via amended credit agreement; potential $30M incremental term loans with lender consent.
- Cash interest at Prime + 6.0% per annum, floor of 13.0%; loan matures November 1, 2024.
- Repaid $55M outstanding principal under existing credit using $30M cash on hand and $25M new borrowing.
- Collateral: first-priority security on borrowers' assets and pledged equity of subsidiaries.
- Guarantors: TerrAscend Corp. and TerrAscend USA, Inc.

## SEC filing metadata
- accession: 0000950170-22-025837
- form_type: 8-K
- ticker: TSNDF
- cik: 0001778129
- company_name: TerrAscend Corp.
- filed_at: 2022-11-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1778129/000095017022025837/0000950170-22-025837-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1778129/000095017022025837/trssf-20221129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-025837
- JSON: https://secwatch.observer/filing/0000950170-22-025837.json
- Plain text: https://secwatch.observer/filing/0000950170-22-025837.txt

## Key facts
- Material Agreements
  TerrAscend Corp. amended Joinder and Second Amendment to Credit Agreement and Security Agreements with Chicago Atlantic Admin, LLC and the lenders party thereto valued at $25.0 million (effective 2022-11-29).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Chicago Atlantic Admin, LLC and the lenders party thereto
  - Value: $25.0 million
  - Effective: 2022-11-29
  source text: On November 29, 2022, WDB Holding MI, Inc. (“WDB Holding”), a Delaware corporation and wholly-owned subsidiary of TerrAscend Corp., an Ontario Corporation (“TerrAscend”), along with Gage Growth Corp., a Canadian federal corporation and wholly-owned subsidiary of TerrAscend, and certain other subsidiaries of TerrAscend (collectively, the “Borrowers”), entered into a Joinder and Second Amendment to Credit Agreement and Security Agreements (the “Amendment”) with the lenders party thereto, Chicago Atlantic Admin, LLC (“Chicago Atlantic”), as administrative agent for the lenders and as collateral agent for the secured parties thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1778129/000095017022025837/0000950170-22-025837-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.