Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
4Front Ventures Corp. amended loan of US$42,500,000 with LI Lending, LLC at reduce the interest rate on the principal balance of the loan on May 1, 2024 thr maturing May 1, 2026.
- Instrument
- loan
- Principal
- US$42,500,000
- Counterparty
- LI Lending, LLC
- Rate
- reduce the interest rate on the principal balance of the loan on May 1, 2024 thr
- Maturity
- May 1, 2026
- Event
- amendment
Exact text from the filing
a Delaware limited liability company (the “Lender”), the borrowers party thereto and the grantors party thereto. The current principal balance of the loan from the lender is US$42,500,000 (the “Loan”). Pursuant to the Amendment, the Lender has agreed to (i) an extension of the term of the Loan from May 10, 2024 to May 1, 2026 (the “New Maturity Date”), (ii) reduce
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
4Front Ventures Corp. amended First Amendment to Amended and Restated Loan and Security Agreement with LI Lending, LLC valued at US$42,500,000 (effective 2023-07-31).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- LI Lending, LLC
- Value
- US$42,500,000
- Effective
- 2023-07-31
Exact text from the filing
On July 31, 2023, 4Front Ventures Corp. (the “Company”) entered into the First Amendment to Amended and Restated Loan and Security Agreement (the “Amendment”), dated July 31, 2023, by and among the Company, LI Lending, LLC, a Delaware limited liability company (the “Lender”), the borrowers party thereto and the grantors party thereto.
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