---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-089627"
form_type: "8-K"
ticker: "TSNDF"
cik: "0001778129"
company_name: "TerrAscend Corp."
filed_at: "2024-08-02T23:59:59+00:00"
generated_at: "2026-05-31T13:29:36.710866+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TerrAscend closes $140M senior-secured loan at 12.75%; retires PA and MI debt

## Summary
- Four-year term loan with initial draw of $114M and delayed draw of $26M expected Sept 2024.
- Proceeds used to retire Ilera Term Loan, Stearns Bank loan, and other indebtedness; Michigan loan to follow.
- Loan carries 12.75% interest, matures August 2028, no prepayment penalties, no warrants issued.
- Executive Chairman Jason Wild participated with ~$7.5M investment as part of the loan syndicate.
- No other material debt maturing until late 2027; remainder available for M&A and geographic expansion.

## SEC filing metadata
- accession: 0000950170-24-089627
- form_type: 8-K
- ticker: TSNDF
- cik: 0001778129
- company_name: TerrAscend Corp.
- filed_at: 2024-08-02T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1778129/000095017024089627/0000950170-24-089627-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1778129/000095017024089627/tsndf-20240801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-089627
- JSON: https://secwatch.observer/filing/0000950170-24-089627.json
- Plain text: https://secwatch.observer/filing/0000950170-24-089627.txt

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