Ascend Wellness closes $36.5M incremental term loan, total debt facility now $246.5M

Ascend Wellness Holdings, Inc.

Incremental Commitment of $36.5M added to existing $210M term loan under Credit Agreement dated August 27, 2021.
Debt Facility bears fixed interest at 9.5% per annum, matures August 27, 2025, no scheduled principal amortization.
Proceeds used for working capital, growth investments, acquisitions, capital expenditures, and strategic initiatives.
Financial covenants require minimum Liquidity of $20M and minimum EBITDA-to-cash interest coverage ratios up to 2.50:1.00.
Prepayment premiums apply until February 27, 2025; amounts borrowed may not be re-borrowed once repaid.

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