---
schema_version: "secwatch.filing_event.v1"
accession: "0001279569-23-001322"
form_type: "8-K/A"
ticker: null
cik: "0001783875"
company_name: "4Front Ventures Corp."
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T21:00:08.805361+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# 4Front Ventures secures $10M term loan facility from ALT Debt II, LP

## Summary
- Loan up to $10M; $6M immediately available, additional $4M subject to conditions.
- Interest rate = greater of Prime+7% or 15.5%; maturity originally Dec 1, 2023, extendable to Sep 30, 2026.
- Secured by all assets; financial covenants: min liquidity $3M from Dec 31, 2023; fixed charge coverage >=1.10, leverage <=3.00 from Jun 30, 2024.
- Proceeds for Illinois dispensary build-out, resolving liabilities, and transaction expenses.
- Loan agreement amended from initial press release; Items 1.01 and 2.03 added in this 8-K/A.

## SEC filing metadata
- accession: 0001279569-23-001322
- form_type: 8-K/A
- cik: 0001783875
- company_name: 4Front Ventures Corp.
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783875/000127956923001322/0001279569-23-001322-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783875/000127956923001322/form8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001279569-23-001322
- JSON: https://secwatch.observer/filing/0001279569-23-001322.json
- Plain text: https://secwatch.observer/filing/0001279569-23-001322.txt

## Key facts
- Debt Financings
  4Front Ventures Corp. incurred term loan of up to $10 million with ALT Debt II, LP at the greater of (a) the sum of the rate of interest per annum last quoted by The maturing originally set to December 1, 2023; however...in no circumstance will the maturity date be extended beyond September 30, 2026.
  - Instrument: term loan
  - Principal: up to $10 million
  - Counterparty: ALT Debt II, LP
  - Rate: the greater of (a) the sum of the rate of interest per annum last quoted by The
  - Maturity: originally set to December 1, 2023; however...in no circumstance will the maturity date be extended beyond September 30, 2026
  - Event: incurrence
  source text: On October 13, 2023, 4Front Ventures Corp. (the “Company”) entered into a Loan Agreement (the “Loan Agreement”), by and among the Company, the Company’s wholly-owned subsidiaries, ALT Debt II, LP (the “Lender”) and GGG Partners, LLC, as collateral agent. Pursuant to the Loan Agreement, the Lender is providing the Company with term loans up to $10 million (the “Term Loans”), $6 million of which was immediately available to the Company subject to certain holdbacks.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1783875/000127956923001322/0001279569-23-001322-index.htm
- Material Agreements
  4Front Ventures Corp. entered into Loan Agreement with ALT Debt II, LP valued at $10 million (effective 2023-10-13).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: ALT Debt II, LP
  - Value: $10 million
  - Effective: 2023-10-13
  source text: On October 13, 2023, 4Front Ventures Corp. (the “Company”) entered into a Loan Agreement (the “Loan Agreement”), by and among the Company, the Company’s wholly-owned subsidiaries, ALT Debt II, LP (the “Lender”) and GGG Partners, LLC, as collateral agent. Pursuant to the Loan Agreement, the Lender is providing the Company with term loans up to $10 million (the “Term Loans”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1783875/000127956923001322/0001279569-23-001322-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.