TerrAscend Corp. (TSNDF): debt financing — 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.

item 1.01 item 1.02 item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TerrAscend Corp. incurred term loan of $79 million with FG Agency Lending LLC.

Instrument: term loan
Principal: $79 million
Counterparty: FG Agency Lending LLC
Event: incurrence

Exact text from the filing

, and each of WDB Holding CA, Inc., WDB Holding PA, Inc., Moose Curve Holdings, LLC, Hempaid, LLC and pursuant to a joinder agreement dated September 30, 2024, WDB Holding MI, Inc., including certain of each of their respective subsidiaries, as borrowers, and FG Agency Lending LLC, as the Administrative Agent (the “Agent”), entered into a Loan Agreement (the “FG Loan”) for a four-year, $140 million senior-secured term loan.

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Source: SEC EDGAR

accession 0000950170-25-094711

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