---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-22-007903"
form_type: "8-K"
ticker: "JUSHF"
cik: "0001909747"
company_name: "Jushi Holdings Inc."
filed_at: "2022-12-08T23:59:59+00:00"
generated_at: "2026-06-21T07:45:39.426526+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Jushi closes $69M 12% second-lien notes, repurchases all existing 10% notes due 2023

## Summary
- Closed $69M aggregate principal of 12% second lien notes due 2026; issued warrants to purchase 16M shares at $2.086.
- Used proceeds plus $9M cash to repurchase and redeem all outstanding 10% senior secured notes due January 2023.
- Amended $100M credit facility with SunStream: now $65M first-lien term loan at 11% interest, matures Dec 2024; removed leverage ratio, added minimum revenue covenant.
- Issued 2M warrants to SunStream at $2.086 as part of amendment.
- Additional $5M in subscriptions expected to close at a later date.

## SEC filing metadata
- accession: 0001171843-22-007903
- form_type: 8-K
- ticker: JUSHF
- cik: 0001909747
- company_name: Jushi Holdings Inc.
- filed_at: 2022-12-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1909747/000117184322007903/0001171843-22-007903-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1909747/000117184322007903/f8k_120822.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-22-007903
- JSON: https://secwatch.observer/filing/0001171843-22-007903.json
- Plain text: https://secwatch.observer/filing/0001171843-22-007903.txt

## Key facts
- Debt Financings
  Jushi Holdings Inc. incurred senior notes of $69.0 million at 12% per annum maturing December 7, 2026.
  - Instrument: senior notes
  - Principal: $69.0 million
  - Rate: 12% per annum
  - Maturity: December 7, 2026
  - Event: incurrence
  source text: On December 8, 2022 (the “Closing Date”), the Company announced that it has closed a tranche of the Offering (the “Closing”) and issued $69.0 million aggregate principal amount of Notes and Warrants to purchase up to approximately 16 million of the Company’s subordinate voting shares.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1909747/000117184322007903/0001171843-22-007903-index.htm
- Material Agreements
  Jushi Holdings Inc. entered into Indenture with Odyssey Trust Company (effective 2022-12-07).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Odyssey Trust Company
  - Effective: 2022-12-07
  source text: In connection with the Closing, the Company entered into an indenture, dated December 7, 2022 (the “Indenture”), with Odyssey Trust Company (“Odyssey Trust”), in its capacity as trustee thereunder, in respect of the Notes that were issued to the Investors pursuant to the terms of the Subscription Agreements.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1909747/000117184322007903/0001171843-22-007903-index.htm
- Material Agreements
  Jushi Holdings Inc. entered into Subscription Agreements with certain investors valued at $69.0 million aggregate principal amount of Notes (effective 2022-11-15).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: certain investors
  - Value: $69.0 million aggregate principal amount of Notes
  - Effective: 2022-11-15
  source text: As previously announced in the Current Report on Form 8-K filed by Jushi Holdings Inc. (the “Company”) with the Securities and Exchange Commission (the “SEC”) on November 15, 2022, the Company entered into subscription agreements (the “Subscription Agreements”) with certain investors (the “Investors”), pursuant to which the Company agreed to issue and sell its 12% Second Lien Notes due 2026 (the “Notes”) and detached warrants to purchase the Company’s subordinate voting shares (the “Warrants”), in a private placement (the “Offering”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1909747/000117184322007903/0001171843-22-007903-index.htm
- Material Agreements
  Jushi Holdings Inc. terminated Trust Indenture governing the Existing Notes with Odyssey Trust.
  - Action: termination
  - Agreement: notes offering
  - Counterparty: Odyssey Trust
  source text: As a result of the repayment and redemption of all outstanding Existing Notes, the Trust Indenture governing the Existing Notes, dated November 20, 2020, by and between the Company and Odyssey Trust, was terminated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1909747/000117184322007903/0001171843-22-007903-index.htm

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