Tilray subsidiary refinances CAD $53M term loan to CIBC; extends maturity to 2028

Tilray Brands, Inc.

Aphria Diamond Inc. entered a CAD $53M credit agreement with CIBC on Feb 21, 2025.
Proceeds repaid CAD $48.17M outstanding under prior BMO-led agreement due Nov 2025.
New term loan matures Feb 21, 2028; quarterly principal payments of CAD $2M begin Aug 2025.
Interest at 1-month Term CORRA plus 1.75% margin, adjustable quarterly based on leverage.
Covenants: fixed charge coverage >=1.25x, total funded debt <=2.75x; Tilray limited guarantee capped at CAD $60M.

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