Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Trulieve Cannabis Corp. incurred loan of Seventy-One Million Five Hundred Thousand Dollars ($71,500,000) with Valley National Bank at 7.53% fixed maturing December 21, 2027.
- Instrument
- loan
- Principal
- Seventy-One Million Five Hundred Thousand Dollars ($71,500,000)
- Counterparty
- Valley National Bank
- Rate
- 7.53% fixed
- Maturity
- December 21, 2027
- Event
- incurrence
Exact text from the filing
On December 21, 2022, Trulieve Capps Highway LLC (the “Borrower”), a wholly-owned subsidiary of Trulieve Cannabis Corp. (the “Company”), entered into a loan agreement (the “Loan Agreement”) with Valley National Bank, as agent, and the lenders named therein, for a commercial loan of Seventy-One Million Five Hundred Thousand Dollars ($71,500,000) (the “Loan”). The Loan is secured by a mortgage on the Borrower’s real property located at 1834 W. Capps Highway, Monticello, Florida. The proceeds of the Loan are expected to be used general corporate purposes. The Company will pay interest at a fixed rate of 7.53% for the duration of the five year loan, which matures on December 21, 2027.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Trulieve Cannabis Corp. entered into Loan Agreement with Valley National Bank, as agent, and the lenders named therein valued at Seventy-One Million Five Hundred Thousand Dollars ($71,500,000) (effective 2022-12-21).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Valley National Bank, as agent, and the lenders named therein
- Value
- Seventy-One Million Five Hundred Thousand Dollars ($71,500,000)
- Effective
- 2022-12-21
Exact text from the filing
On December 21, 2022, Trulieve Capps Highway LLC (the “Borrower”), a wholly-owned subsidiary of Trulieve Cannabis Corp. (the “Company”), entered into a loan agreement (the “Loan Agreement”) with Valley National Bank, as agent, and the lenders named therein, for a commercial loan of Seventy-One Million Five Hundred Thousand Dollars ($71,500,000) (the “Loan”).
View on SEC.gov