debt
confidence high
sentiment positive
materiality 0.70
Trulieve completes redemption of all US$130M 9.75% senior secured notes due 2024
Trulieve Cannabis Corp.
- Redeemed all US$130M (C$175.7M) principal of 9.75% senior secured notes due 2024.
- Total cash used was ~US$136M (C$184M), including accrued interest through Dec 1, 2023.
- Notes ceased trading on CSE under 'TRUL.DB.U' and were delisted as of Dec 1, 2023.
- Redemption eliminates future interest expense and reduces leverage on balance sheet.