Greenrose Holding Co Inc.: debt financing — Greenrose subsidiaries enter strict foreclosure; debt accelerated, collateral to be transferred to lenders

On March 25, 2023, Holdings, TH and Theraplant received a Notice of Acceleration (the “ Notice of Acceleration ”) from the legal representatives of the Agent in reference to (i) that certain Credit Agreement; (ii) that certain Security Agreement, dated as of November 26, 2021 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “ Security Agreement ”), by and among, inter alios , Holdings, TH, Theraplant, the other grantors from time to time party thereto and the Agent; and (iii) that certain Guaranty, dated as of November 26, 2021 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time (the “ Guaranty ”), by and among, inter alios , Holdings, TH, Theraplant, the other guarantors from time to time party thereto and the Agent. The Notice of Acceleration declared that all of the principal of, and any and all accrued and unpaid interest, premium and fees in respect of, the term loans extended under

On March 27, 2023, Theraplant, TH, the Agent, the Consenting Lenders, DXR Finance Parent, LLC, a Delaware limited liability company (“ DXR Parent ”) and DXR Finance HoldCo, LLC, a Delaware limited liability company (“ DXR Holdco ”), entered into that certain Strict Foreclosure Agreement (the “ Foreclosure Agreement ”).