secwatch.observer — SEC 8-K summary
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Issuer:     Green Thumb Industries Inc. (GTBIF)
CIK:        0001795139
Form:       8-K
Filed at:   2024-09-13T23:59:59+00:00
Accession:  0001193125-24-218943
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795139/000119312524218943/0001193125-24-218943-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795139/000119312524218943/d877176d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-218943

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