debt
confidence high
sentiment neutral
materiality 0.55
Tilray amends credit facility to consent to Molson Coors craft beer acquisition
Tilray Brands, Inc.
- Fourth Amendment consents to Mack Acquisition of six craft beer brands from Molson Coors.
- EBITDA addback of up to $2M for Nov 2024 quarter, $1.75M for Feb 2025 quarter for Mack negative EBITDA.
- New Restructuring Costs addback capped at 10% of prior year EBITDA, tied to permitted acquisitions.
- Additional guarantors and first-lien security interests in acquired assets granted to lenders.
- Loan parties reaffirm obligations; all conditions precedent for amendment effectiveness satisfied.