Green Thumb closes $150M syndicated credit facility at SOFR+5% to refinance $225M debt

Green Thumb Industries Inc.

Closes $150M 5-year syndicated credit facility led by Valley National Bank; rate SOFR + 5% with 1% floor.
Proceeds plus cash on hand will retire $225M senior secured debt originally due April 30, 2025.
Facility matures September 11, 2029; oversubscribed, non-brokered, first-of-its-kind bank-only financing in US cannabis industry.
No equity was issued to participating banks; transaction strengthens balance sheet and extends debt maturity.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.