secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2022-12-21T23:59:59+00:00
Accession:  0000950170-22-026851
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000095017022026851/0000950170-22-026851-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000095017022026851/trssf-20221215.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-026851

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