Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Jushi Holdings Inc. incurred loan of twenty million dollars ($20,000,000) with FVCbank at 30-day average secured overnight financing rate plus 3.55%, with a floor rate of maturing five (5) year term.
- Instrument
- loan
- Principal
- twenty million dollars ($20,000,000)
- Counterparty
- FVCbank
- Rate
- 30-day average secured overnight financing rate plus 3.55%, with a floor rate of
- Maturity
- five (5) year term
- Event
- incurrence
Exact text from the filing
On April 6, 2023, subsidiaries of Jushi Holdings Inc. (the “Company”) entered into a loan agreement (the “Loan Agreement”) with FVCbank (the “Lender”) for a commercial loan in an aggregate principal amount of twenty million dollars ($20,000,000) (the “Loan”). The Loan has a five (5) year term and is principally secured by the Company’s cultivation and manufacturing facility located in Manassas, Virginia (the “Property”). The Loan will bear interest based on the 30-day average secured overnight financing rate plus 3.55%, with a floor rate of not less than 8.25%.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Jushi Holdings Inc. entered into Loan Agreement with FVCbank valued at twenty million dollars ($20,000,000) (effective 2023-04-06).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- FVCbank
- Value
- twenty million dollars ($20,000,000)
- Effective
- 2023-04-06
Exact text from the filing
On April 6, 2023, subsidiaries of Jushi Holdings Inc. (the “Company”) entered into a loan agreement (the “Loan Agreement”) with FVCbank (the “Lender”) for a commercial loan in an aggregate principal amount of twenty million dollars ($20,000,000) (the “Loan”).
View on SEC.gov