{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-016466","form_type":"8-K","ticker":"VRNO","cik":"0001848416","company_name":"Verano Holdings Corp.","filed_at":"2025-10-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.793655+00:00","generated_at":"2026-05-17T05:07:24.195984+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Verano closes $75M revolving credit facility, draws $50M to retire higher-cost debt","bullets":["$75M revolver agented by Chicago Atlantic; $50M drawn to repay existing senior secured debt with no prepayment penalty.","Floating rate: SOFR + 6% (4% SOFR floor); no amortization; matures September 29, 2028.","Remaining $25M available for strategic initiatives; facility secured by selected real estate.","CEO states the facility fortifies balance sheet and provides lower-cost debt; called the largest revolver among U.S. cannabis operators.","Facility allows proportionate real estate release given outstanding balance ≤60% appraised value of remaining pledged real estate."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-016466","json":"https://secwatch.observer/filing/0001493152-25-016466.json","markdown":"https://secwatch.observer/filing/0001493152-25-016466.md","text":"https://secwatch.observer/filing/0001493152-25-016466.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1848416/000149315225016466/0001493152-25-016466-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1848416/000149315225016466/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:07:24.195984+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b761201cf5778223b7252ae4d49c7848a2043ecd","claim":"Verano Holdings Corp. incurred revolving credit of $75,000,000 with Chicago Atlantic Admin, LLC at one-month Term SOFR (subject to a minimum 4% SOFR floor) plus 6% maturing September 29, 2028.","evidence_excerpt":"The Revolver provides for a $75,000,000 revolving loan facility, $50,000,000 of which was drawn upon the Closing Date","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1848416/000149315225016466/0001493152-25-016466-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$75,000,000"},{"label":"Counterparty","value":"Chicago Atlantic Admin, LLC"},{"label":"Rate","value":"one-month Term SOFR (subject to a minimum 4% SOFR floor) plus 6%"},{"label":"Maturity","value":"September 29, 2028"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}