Ascend Wellness issues $50M 12.75% senior secured notes due 2029 to repay credit facility

Ascend Wellness Holdings, Inc.

Issued $50M aggregate principal of 12.75% senior secured notes due 2029 at 97.5% of face value.
Proceeds, with cash on hand, to prepay remaining $60M under 2021 Credit Facility plus accrued interest.
Additional notes are treated as a single series with existing $250M initial notes under same indenture.
Interest payable semi-annually on Jan 15 and Jul 15; first payment Jul 15, 2025 includes accrued interest.
Notes mature July 16, 2029; initially separate CUSIP, fungible after four months and one day.

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