Jushi Holdings receives $68M in binding subscriptions for 12% second lien notes and warrants

Jushi Holdings Inc.

Binding subscriptions of ~US$68M received for 12% second lien notes and four-year warrants at 50% coverage.
Notes mature in four years, pay 12% interest quarterly, secured by second-priority liens on certain assets.
Net proceeds to redeem existing 10% senior secured notes due January 2023 and for general corporate purposes.
CEO-affiliated entity subscribed US$3.0M; significant stockholder Denis Arsenault subscribed US$13.4M.
Closing expected late November or early December 2022, subject to conditions including credit facility approval.

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