secwatch.observer — SEC 8-K summary
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Issuer:     Ascend Wellness Holdings, Inc. (AAWH)
CIK:        0001756390
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0001628280-24-032485
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ascend Wellness closes $235M 12.75% notes due 2029, refinances term loan
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- Issued $235M senior secured notes at 94.75% of face value, maturing July 16, 2029.
- Net proceeds plus cash on hand used to prepay $215M of existing term loan.
- Remaining $60M term loan at 9.5% rate can be repaid at par after Feb 27, 2025.
- Notes bear 12.75% interest, semi-annual payments; first two years redeemable at par.
- Seaport Global Securities acted as sole placement agent for the offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756390/000162828024032485/0001628280-24-032485-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756390/000162828024032485/aawh-20240716.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-032485

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