debt
confidence high
sentiment positive
materiality 0.60
Jushi receives $4M additional loan, extends maturity to 2030, lowers rate floor to 7.50%
Jushi Holdings Inc.
- Received $4,000,000 in additional loan proceeds from FVCBank under modified secured loan.
- Maturity date extended from original to September 18, 2030, improving debt profile.
- Interest rate floor reduced from 8.25% to 7.50%; rate remains SOFR + 3.55%.
- Loan secured by cultivation/manufacturing facility in Manassas, VA; $761,114 restricted for construction conditions.
- Proceeds to fund capex, working capital, and other corporate purposes.
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