Vireo Growth Inc. (VREOF): debt financing — Vireo Growth assumes ~$25.5M debt via CA Loan Agreement at 11% interest, maturing Nov 2025

Vireo Growth Inc.

Debt of ~$25.5M assumed from acquisition; 11% cash interest plus 2%-3% PIK interest based on leverage.
Monthly principal payments of 1% of aggregate principal; maturity date November 28, 2025.
Standard events of default allow acceleration and 9% interest rate increase upon default.
Vireo guaranteed borrowers' obligations; prior entities Holdings and New Growth Horizon released.

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

Vireo Growth Inc. incurred credit facility of approximately $27,400,000 with the Agent at 11% maturing November 28, 2025.

Instrument: credit facility
Principal: approximately $27,400,000
Counterparty: the Agent
Rate: 11%
Maturity: November 28, 2025
Event: incurrence

Exact text from the filing

set forth under Item 2.01 of the Original Form 8-K related to the aggregate outstanding net debt of the Acquired Companies to the Agent and/or its affiliates of approximately $27,400,000 (which as of May 30, 2025 had decreased to approximately $25,500,000) pursuant to a Credit Agreement dated as of May 9, 2022 by and among Holdings, New Growth Horizon, LLC, a

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Vireo Growth Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-058898

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