Greenlane Holdings amends loan agreement, prepays ~$6.6M of term loan

Greenlane Holdings, Inc.

Amendment No. 2 to Loan and Security Agreement dated August 2022 entered Feb 9, 2023.
Company agreed to voluntarily prepay ~$6.6M (including early termination fees and expenses) of term loan.
Lenders agreed to release funds held in a blocked account under the original agreement.
Company required to make additional term loan prepayments upon certain asset sales.
Loan amendment modifies terms with WhiteHawk Capital Partners as agent.

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

Greenlane Holdings, Inc. amended Amendment No. 2 to that certain Loan and Security Agreement with WhiteHawk Capital Partners LP, as the agent for the Lenders valued at approximately $6.6 million (effective 2023-02-09).

Action: amendment
Agreement: credit facility
Counterparty: WhiteHawk Capital Partners LP, as the agent for the Lenders
Value: approximately $6.6 million
Effective: 2023-02-09

Exact text from the filing

On February 9, 2023, Greenlane Holdings, Inc. (the “Company”) entered into Amendment No. 2 to that certain Loan and Security Agreement, dated as of August 8, 2022 (the “Loan Agreement”), by and among the Company, certain subsidiaries of the Company as guarantors, the parties thereto from time to time as lenders (the “Lenders”), and WhiteHawk Capital Partners LP, as the agent for the Lenders (collectively, the “Loan Amendment”).

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Greenlane Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001743745-23-000008

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