Jushi Holdings refinances $53M first lien credit facility with $48.5M term loan, extends maturities

Jushi Holdings Inc.

US$48.5M term loan at 12.25% interest, matures 30 months or 91 days before Dec 2026 second lien notes.
Issued 19.4M warrants at US$1.00 per share (40% coverage) to lenders.
Used proceeds + ~$7.4M cash to repay ~$53M first lien facility due Dec 2024; pro forma cash ~$19M.
Insider participation: CEO entity ($9M loan, 3.6M warrants); founder ($7M loan, 2.8M warrants).
No debt maturities until 2026; short-term debt under $1M after refinancing.

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