FK represents Jushi Holdings Inc. (JUSH) in Refinancing its Existing 1st Lien Credit Facility with US$48.5 Million Term Loan
FK represents Jushi, a vertically integrated, multi-state cannabis operator, in refinancing approximately US$53 million senior secured credit facility due December 31, 2024 (the “Existing 1st Lien Credit Facility”) through the issuance of a new US$48.5 million senior secured Term Loan (the “Term Loan”) and use of approximately US$7.4 million from cash on hand, which includes fees associated with the refinancing. The Term Loan was issued at a 2.0% original issuance discount and bears an interest rate of 12.25% per annum, payable quarterly. The Term Loan amortizes at the rate of 2.5% per quarter beginning 12 months after the closing date and matures on the earlier of 30 months from the closing date or 91 days prior to the maturity of the Company’s existing Second Lien Notes due December 7, 2026.
