debt
confidence high
sentiment neutral
materiality 0.55
Ascend Wellness issues $15M additional 12.75% senior secured notes due 2029 at 97% of face
Ascend Wellness Holdings, Inc.
- Issued $15M of 12.75% senior secured notes due 2029 at 97% face value, plus accrued interest from July 16, 2024.
- Additional notes are fungible with existing $235M initial notes after four months and one day.
- Net proceeds for general corporate purposes, including growth initiatives.
- First supplemental indenture permits social equity / female- or minority-owned investments and changes liquidity covenant to monthly testing.