TerrAscend closes $79M debt upsize at 12.75%, retires $68M Pelorus loan, extends maturity to Aug 2028

TerrAscend Corp.

Closed $79M upsize to existing senior secured syndicated term loan; $68M used to retire Pelorus Term Loan and other debt.
Loan carries 12.75% interest, matures August 2028, no prepayment penalties, and no warrants issued.
Additional uncommitted $35M facility available for M&A; no material debt maturing until late 2028.
Executive Chairman Jason Wild invested ~US$1.6M as part of the loan syndicate; constitutes a related party transaction.
Lead lender is FocusGrowth Asset Management; loan is guaranteed by TerrAscend and is non-dilutive.

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