---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-005242"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T03:43:47.543310+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-005242
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2025-02-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000143774925005242/0001437749-25-005242-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000143774925005242/tlry20250226_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-005242
- JSON: https://secwatch.observer/filing/0001437749-25-005242.json
- Plain text: https://secwatch.observer/filing/0001437749-25-005242.txt

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