---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-042396"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2023-09-01T23:59:59+00:00"
generated_at: "2026-06-11T00:38:39.520621+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Tilray expands credit facility by $45M to $120M and issues 17.1M shares to settle $50M note

## Summary
- Amended credit agreement increases total loan commitments from $75M to $120M, with $45M in new term and revolving loans.
- Proceeds from additional loans will be used for general working capital purposes.
- Issued 17,148,541 shares of common stock to HT Investments MA LLC to satisfy $50.0M convertible promissory note.
- Share issuance was done under Section 3(a)(9) exemption; no commission paid for soliciting exchange.

## SEC filing metadata
- accession: 0001140361-23-042396
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2023-09-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000114036123042396/0001140361-23-042396-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000114036123042396/brhc20058217_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-042396
- JSON: https://secwatch.observer/filing/0001140361-23-042396.json
- Plain text: https://secwatch.observer/filing/0001140361-23-042396.txt

## Key facts
- Material Agreements
  Tilray Brands, Inc. amended Amended Credit Agreement with Bank of America, N.A., as Administrative Agent valued at $45 million (effective 2023-08-31).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as Administrative Agent
  - Value: $45 million
  - Effective: 2023-08-31
  source text: On August 31, 2023, Four Twenty Corporation (the “Borrower”), a wholly-owned subsidiary of Tilray Brands, Inc., a Delaware corporation (the “Company”), entered into an Amended Credit Agreement (the “Amended Credit Agreement”), together with certain of the Company’s wholly domestic owned subsidiaries (the “Guarantors”), a syndicate of lending institutions from time to time party thereto (the “Lenders”), and Bank of America, N.A., as Administrative Agent (the “Administrative Agent”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036123042396/0001140361-23-042396-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.