REFI upsizes revolving credit facility to $45M, acquires $10M Verano loan from affiliate

Chicago Atlantic Real Estate Finance, Inc.

Revolving credit facility increased from $10M to $45M with two FDIC-insured banks; matures Dec 16, 2023 with one-year extension option.
Interest rate at Prime plus 0%-1.25% based on leverage ratio, subject to 3.25% Prime Rate floor.
Company acquired $10M of existing loan principal in Verano Holdings from an affiliate at amortized cost, increasing total Verano exposure to $30M.
Proceeds from the facility expected to fund additional loans and for general corporate purposes.
Related-party acquisition was approved by the Audit Committee of the Board.

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