Village Farms refinances C$37.4M Canadian cannabis facility; rate cut 50bp, maturity extended to 2028

Village Farms International, Inc.

Consolidated three prior loans into one facility; C$37.4M capacity, C$27.4M drawn.
Variable interest rate improved 50 bps to below 8.0%; new maturity Feb 7, 2028 (from Feb 7, 2026).
Covenants improved: fixed charge coverage >1.10:1, leverage ratio ≤3.00:100.
CEO cites improved financial flexibility alongside recent favorable FCC produce loan amendment.

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