Ascend Wellness issues $235M 12.75% senior secured notes due 2029 to refinance term loan

Ascend Wellness Holdings, Inc.

Private placement of $235M 12.75% Senior Secured Notes due 2029, issued at 94.75% of face value.
Net proceeds of ~$213.3M, plus cash, to prepay $215M of existing term loan maturing in 13 months.
Notes mature July 2029; early redemption allowed at par for first two years.
Remaining $60M of term loan may be carried at 9.5% interest to original maturity.
Fifth consecutive quarter of positive cash from operations; CEO cites enhanced financial flexibility.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.