Verano upsizes revolver from $75M to $100M, extends maturity to Feb 2029

Verano Holdings Corp.

RCF commitment increased by $25M to $100M; maturity extended to February 28, 2029.
Advance rate on owned real estate collateral raised from 60% to 80% of appraised value.
No additional collateral pledged; $50M drawn to date with $50M undrawn available.
Floating interest rate at SOFR + 6% (4% floor); no required amortization.
CEO cites improved balance sheet flexibility and ongoing debt refinancing discussions.

item 1.01 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Verano Holdings Corp. amended First Amendment with Chicago Atlantic Admin, LLC (effective 2026-01-12).

Action: amendment
Agreement: credit facility
Counterparty: Chicago Atlantic Admin, LLC
Effective: 2026-01-12

Exact text from the filing

On January 12, 2026, Verano Holdings Corp., a Nevada corporation (the “ Company ”), entered into a First Amendment (the “ First Amendment ”) to Credit Agreement and Omnibus First Amendment to Credit Documents, to amend the Credit Agreement (the “ Revolver ”) and related credit documents initially entered into on September 30, 2025, by and among the Company, as a guarantor, certain subsidiaries of the Company from time-to-time party thereto, as borrowers, lenders from time-to-time party thereto, and Chicago Atlantic Admin, LLC, a Delaware limited liability company, as administrative agent for the lenders.

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299 material agreements filed in the last 30 days. Browse all material agreements →

Verano Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001628280-26-002111

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