secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0000950170-24-110566
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TerrAscend closes final $26M tranche of $140M loan, repays higher-interest Michigan debt
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- Completed second draw of $26M on Sept 30, 2024, bringing total loan to $140M.
- Loan carries 12.75% interest, matures Aug 2028, no prepayment penalties, no warrants.
- Proceeds used to repay and terminate the higher-interest Chicago Atlantic Term Loan in Michigan.
- Loan syndicate led by FocusGrowth Asset Management; secured by entities in PA, CA, MI, and MD.
- Ventum Capital Markets acted as exclusive financial advisor for the transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000095017024110566/0000950170-24-110566-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000095017024110566/tsndf-20240930.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-110566

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