---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-026851"
form_type: "8-K"
ticker: "TSNDF"
cik: "0001778129"
company_name: "TerrAscend Corp."
filed_at: "2022-12-21T23:59:59+00:00"
generated_at: "2026-06-21T00:58:41.284651+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TerrAscend amends credit agreement: $35M prepayment, new PA property financing, covenant changes

## Summary
- Prepay $35M of loans at 103.22% of principal plus accrued interest on March 15, 2023.
- Permitted to enter sale-leaseback or incur mortgage financing up to $25M on Fulton County, PA property.
- Will form NJ subsidiaries for Lodi and Maplewood treatment centers and grant security interest to lenders.
- Replaced EBITDA-to-interest covenant with blocked account trigger if ratio falls below 2.00:1.00.
- Amendment executed December 15, 2022 with lenders and agent Acquiom Agency Services.

## SEC filing metadata
- accession: 0000950170-22-026851
- form_type: 8-K
- ticker: TSNDF
- cik: 0001778129
- company_name: TerrAscend Corp.
- filed_at: 2022-12-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1778129/000095017022026851/0000950170-22-026851-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1778129/000095017022026851/trssf-20221215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-026851
- JSON: https://secwatch.observer/filing/0000950170-22-026851.json
- Plain text: https://secwatch.observer/filing/0000950170-22-026851.txt

## Key facts
- Material Agreements
  TerrAscend Corp. amended Amendment No.3 to the Credit Agreement with the lenders party thereto, and Acquiom Agency Services LLC (effective 2022-12-15).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: the lenders party thereto, and Acquiom Agency Services LLC
  - Effective: 2022-12-15
  source text: On December 15, 2022, WDB Holding PA, Inc. (“WDB Holding PA”), a wholly-owned subsidiary of TerrAscend Corp., an Ontario corporation (the “Company”), the Company, TerrAscend USA Inc. and certain subsidiaries of WDB Holding PA entered into an Amendment No.3 to the Credit Agreement (the “Amendment”) with the lenders party thereto, and Acquiom Agency Services LLC (the “PA Agent”), as administrative agent for the lenders and as collateral agent for the secured parties thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1778129/000095017022026851/0000950170-22-026851-index.htm

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