Curaleaf Borrows $425M For Five Years To Refinance Existing Debt

Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) reported Monday that it has obtained commitments for a private placement of 8.0% senior secured notes due 2026 for total gross proceeds of $425 million.

"We are pleased to announce what we believe is the largest debt financing of any publicly-traded MSO to date," Joseph Bayern CEO of Curaleaf stated. "This offering will allow us to refinance our existing debt at a materially lower interest rate and provides us with additional financial flexibility to execute our strategic growth initiatives. While this initial offering provides more than enough liquidity to refinance our existing debt and meet current needs, the new Indenture provides us …

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