---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-002111"
form_type: "8-K"
ticker: "VRNO"
cik: "0001848416"
company_name: "Verano Holdings Corp."
filed_at: "2026-01-15T23:59:59+00:00"
generated_at: "2026-05-16T10:12:15.237009+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-002111
- form_type: 8-K
- ticker: VRNO
- cik: 0001848416
- company_name: Verano Holdings Corp.
- filed_at: 2026-01-15T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1848416/000162828026002111/0001628280-26-002111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1848416/000162828026002111/vrnof-20260112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-002111
- JSON: https://secwatch.observer/filing/0001628280-26-002111.json
- Plain text: https://secwatch.observer/filing/0001628280-26-002111.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1848416/000162828026002111/0001628280-26-002111-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.