secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2022-11-30T23:59:59+00:00
Accession:  0000950170-22-025837
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000095017022025837/0000950170-22-025837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000095017022025837/trssf-20221129.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-025837

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